Short Interest in Xiao-I Co. (NASDAQ:AIXI) Declines By 60.1%

Xiao-I Co. (NASDAQ:AIXI) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 102,700 shares, a decline of 60.1% from the September 30th total of 257,200 shares. Based on an average trading volume of 201,100 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Xiao-I

An institutional investor recently bought a new position in Xiao-I stock. Murchinson Ltd. acquired a new stake in shares of Xiao-I Co. (NASDAQ:AIXI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 38,388 shares of the company’s stock, valued at approximately $69,000. Murchinson Ltd. owned about 0.05% of Xiao-I as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 3.99% of the company’s stock.

Xiao-I Price Performance

Shares of NASDAQ AIXI opened at $5.02 on Friday. The firm has a 50-day simple moving average of $4.92. Xiao-I has a twelve month low of $2.06 and a twelve month high of $24.66.

Xiao-I Company Profile

Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co, Ltd., provides software services in the People’s Republic of China. It offers conversational AI platform that uses deep learning, data enhancement, active learning technologies for dialog management, context processing mechanisms, and driven by a learning system; knowledge fusion platform which integrates Q&A, documents, multimedia, information forms, business processes, knowledge graphs, and multimodal; intelligence voice platform to enhance intelligent speech solutions, realizing the macro processes of intelligent IVP, intelligent outbound calls, speech analysis, agent assistance, and human-computer interaction; and hyperautomation platform that integrates technologies, such as OCR, NLP, and visualized data mining and analysis that enables users to realize business and process automation.