Gaxos.ai Inc. (NASDAQ:GXAI) Sees Significant Increase in Short Interest

Gaxos.ai Inc. (NASDAQ:GXAI) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 683,583 shares, an increase of 426.4% from the January 15th total of 129,859 shares. Currently, 9.9% of the shares of the stock are sold short. Based on an average trading volume of 12,018,379 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 12,018,379 shares, the short-interest ratio is presently 0.1 days. Currently, 9.9% of the shares of the stock are sold short.

Gaxos.ai Trading Down 8.9%

Shares of Gaxos.ai stock opened at $1.12 on Wednesday. The stock has a 50-day moving average price of $1.21 and a 200 day moving average price of $1.43. The company has a market cap of $7.97 million, a P/E ratio of -2.67 and a beta of 1.05. Gaxos.ai has a 1 year low of $1.00 and a 1 year high of $2.96.

Gaxos.ai (NASDAQ:GXAI) last released its earnings results on Thursday, November 13th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $0.50 million for the quarter. Gaxos.ai had a negative net margin of 549.60% and a negative return on equity of 25.08%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GXAI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Gaxos.ai in a report on Monday, December 22nd. Wall Street Zen downgraded shares of Gaxos.ai from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Gaxos.ai presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Gaxos.ai

A hedge fund recently bought a new stake in Gaxos.ai stock. XTX Topco Ltd bought a new stake in shares of Gaxos.ai Inc. (NASDAQ:GXAI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 34,006 shares of the company’s stock, valued at approximately $48,000. XTX Topco Ltd owned 0.48% of Gaxos.ai as of its most recent SEC filing. 42.62% of the stock is owned by hedge funds and other institutional investors.

Gaxos.ai Company Profile

Gaxos.ai Inc engages in developing artificial intelligence applications for various sectors. Its portfolio includes applications in mental and physical wellbeing, coaching, and gaming. In addition, it offers Gaxos, a gaming platform develop, design, acquire, and manage conventional games and combine these games with unconventional game mechanisms. The company was formerly known as The NFT Gaming Company, Inc and changed its name to Gaxos.ai Inc in January 2024. Gaxos.ai Inc was incorporated in 2021 and is based in Roseland, New Jersey.