Short Interest in Xiao-I Co. (NASDAQ:AIXI) Increases By 27.8%

Xiao-I Co. (NASDAQ:AIXI) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 257,700 shares, an increase of 27.8% from the January 15th total of 201,600 shares. Based on an average daily volume of 137,800 shares, the days-to-cover ratio is currently 1.9 days.

Xiao-I Stock Up 0.6 %

NASDAQ:AIXI traded up $0.03 during trading hours on Friday, hitting $5.19. 67,956 shares of the stock traded hands, compared to its average volume of 161,372. The business’s 50 day simple moving average is $5.32. Xiao-I has a fifty-two week low of $2.06 and a fifty-two week high of $22.05.

Institutional Trading of Xiao-I

A hedge fund recently raised its stake in Xiao-I stock. Steward Partners Investment Advisory LLC lifted its stake in Xiao-I Co. (NASDAQ:AIXI) by 729.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,300 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission. 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.