Short Interest in Xiao-I Co. (NASDAQ:AIXI) Expands By 16.9%

Xiao-I Co. (NASDAQ:AIXI) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 224,800 shares, a growth of 16.9% from the April 30th total of 192,300 shares. Based on an average trading volume of 112,700 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.3% of the shares of the company are sold short.

Xiao-I Stock Up 1.7%

Shares of NASDAQ AIXI opened at $3.00 on Thursday. The stock has a fifty day moving average price of $3.26 and a 200 day moving average price of $4.48. Xiao-I has a 1-year low of $2.06 and a 1-year high of $8.55.

Institutional Investors Weigh In On Xiao-I

An institutional investor recently bought a new position in Xiao-I stock. HighTower Advisors LLC bought a new stake in Xiao-I Co. (NASDAQ:AIXI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,877 shares of the company’s stock, valued at approximately $94,000. HighTower Advisors LLC owned 0.23% of Xiao-I as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 3.99% of the company’s stock.

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.