Short Interest in Xiao-I Co. (NASDAQ:AIXI) Increases By 72.9%

Xiao-I Co. (NASDAQ:AIXI) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 487,500 shares, a growth of 72.9% from the June 15th total of 282,000 shares. Based on an average trading volume of 249,000 shares, the days-to-cover ratio is currently 2.0 days.

Xiao-I Trading Up 1.6 %

Shares of AIXI opened at $0.68 on Friday. Xiao-I has a one year low of $0.59 and a one year high of $10.39. The company’s fifty day moving average price is $0.88 and its 200 day moving average price is $1.51.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Xiao-I stock. Murchinson Ltd. acquired a new position in shares of Xiao-I Co. (NASDAQ:AIXI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 38,388 shares of the company’s stock, valued at approximately $69,000. Murchinson Ltd. owned 0.05% of Xiao-I as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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 smart city, software, and architectural design artificial intelligence services in the People's Republic of China. It offers software products, such as intelligent interactive platform, intelligent voice platform, knowledge fusion platform, computer vision series platform, and other intelligent products.