Xiao-I Co. (NASDAQ:AIXI) Sees Significant Decline in Short Interest

Xiao-I Co. (NASDAQ:AIXI) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 66,700 shares, a drop of 52.1% from the August 31st total of 139,300 shares. Based on an average trading volume of 116,000 shares, the days-to-cover ratio is currently 0.6 days.

Xiao-I Trading Up 21.0 %

Shares of NASDAQ AIXI opened at $6.40 on Friday. Xiao-I has a 1-year low of $2.06 and a 1-year high of $24.66.

Institutional Trading of Xiao-I

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

About Xiao-I

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.