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

Xiao-I Co. (NASDAQ:AIXI) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 152,100 shares, a decrease of 45.0% from the February 28th total of 276,700 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 124,000 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Xiao-I

An institutional investor recently raised its position in Xiao-I stock. Steward Partners Investment Advisory LLC grew its stake in shares of Xiao-I Co. (NASDAQ:AIXI) by 729.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,300 shares of the company’s stock after buying an additional 37,200 shares during the quarter. Steward Partners Investment Advisory LLC owned 0.44% of Xiao-I worth $244,000 at the end of the most recent quarter. 3.99% of the stock is owned by hedge funds and other institutional investors.

Xiao-I Trading Down 0.5 %

Shares of NASDAQ AIXI opened at $4.14 on Friday. Xiao-I has a one year low of $2.06 and a one year high of $16.65. The firm’s 50 day simple moving average is $4.62 and its two-hundred day simple moving average is $5.14.

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.