Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Rises By 24.5%

Gaxos.ai Inc. (NASDAQ:GXAI) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 212,400 shares, an increase of 24.5% from the February 13th total of 170,600 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average daily volume of 6,450,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Gaxos.ai

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Gaxos.ai during the 4th quarter worth about $29,000. Thoroughbred Financial Services LLC purchased a new stake in shares of Gaxos.ai during the 4th quarter worth about $39,000. Finally, Virtu Financial LLC boosted its holdings in Gaxos.ai by 151.8% in the 4th quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock worth $75,000 after acquiring an additional 17,663 shares during the period. Hedge funds and other institutional investors own 42.62% of the company’s stock.

Gaxos.ai Stock Down 2.8 %

NASDAQ:GXAI opened at $1.24 on Wednesday. The company has a 50 day moving average price of $1.55 and a 200-day moving average price of $1.84. Gaxos.ai has a 1-year low of $1.01 and a 1-year high of $7.90.

About Gaxos.ai

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.