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

Xiao-I Co. (NASDAQ:AIXI) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 152,100 shares, a drop of 45.0% from the February 28th total of 276,700 shares. Based on an average daily trading volume, of 124,000 shares, the short-interest ratio is presently 1.2 days. Approximately 1.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Xiao-I

A hedge fund recently raised its stake in Xiao-I stock. Steward Partners Investment Advisory LLC increased its position in Xiao-I Co. (NASDAQ:AIXI) by 729.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,300 shares of the company’s stock after purchasing an additional 37,200 shares during the quarter. Steward Partners Investment Advisory LLC owned approximately 0.44% of Xiao-I worth $244,000 as of its most recent SEC filing. 3.99% of the stock is currently owned by hedge funds and other institutional investors.

Xiao-I Trading Down 5.8 %

Shares of AIXI opened at $3.90 on Friday. Xiao-I has a 1-year low of $2.06 and a 1-year high of $16.65. The company has a 50-day moving average of $4.59 and a 200 day moving average of $5.15.

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.