Gaxos.ai Inc. (NASDAQ:GXAI) Short Interest Update

Gaxos.ai Inc. (NASDAQ:GXAI) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 170,600 shares, a growth of 21.9% from the January 31st total of 140,000 shares. Based on an average daily volume of 6,350,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 5.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Gaxos.ai

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Gaxos.ai in the fourth quarter worth $29,000. Virtu Financial LLC increased its position in Gaxos.ai by 151.8% in the fourth quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock worth $75,000 after purchasing an additional 17,663 shares during the last quarter. Finally, Thoroughbred Financial Services LLC bought a new stake in Gaxos.ai in the fourth quarter worth $39,000. Institutional investors own 42.62% of the company’s stock.

Gaxos.ai Trading Up 5.0 %

Gaxos.ai stock opened at $1.26 on Friday. Gaxos.ai has a 1 year low of $1.01 and a 1 year high of $16.27. The firm’s 50 day moving average price is $1.77 and its 200-day moving average price is $1.93.

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.