XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Short Interest Update

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 30,700 shares, a drop of 89.6% from the August 31st total of 296,222 shares. Approximately 23.6% of the shares of the stock are sold short. Based on an average trading volume of 436,314 shares, the days-to-cover ratio is presently 0.1 days.

XIAO-I Trading Down 1.1%

Shares of AIXI traded down $0.02 during mid-day trading on Thursday, reaching $1.88. The company had a trading volume of 4,490,651 shares, compared to its average volume of 574,675. The company’s 50 day simple moving average is $5.25 and its 200 day simple moving average is $43.87. XIAO-I has a 1-year low of $1.64 and a 1-year high of $379.40.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XIAO-I in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

XIAO-I Company Profile

XIAO-I Holdings Limited, also known as Xiao-I, is an artificial intelligence company that develops enterprise software and cognitive-intelligence solutions. The company’s technologies include natural-language processing, machine learning, speech recognition, computer vision and intelligent automation.

Xiao-I’s product offerings include the Xiao-I Robot platform and other AI tools designed to support conversational customer service, knowledge management, business-process automation and enterprise decision-making.