Xiao-I Co. (NASDAQ:AIXI) Sees Large Increase in Short Interest

Xiao-I Co. (NASDAQ:AIXI) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 257,200 shares, an increase of 285.6% from the September 15th total of 66,700 shares. Based on an average trading volume of 179,700 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Xiao-I

A hedge fund recently bought a new stake in Xiao-I stock. Murchinson Ltd. purchased a new position in Xiao-I Co. (NASDAQ:AIXI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 38,388 shares of the company’s stock, valued at approximately $69,000. Murchinson Ltd. owned 0.05% of Xiao-I at the end of the most recent quarter. Institutional investors own 3.99% of the company’s stock.

Xiao-I Stock Performance

Shares of NASDAQ:AIXI opened at $5.31 on Friday. Xiao-I has a 52-week low of $2.06 and a 52-week 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.