Gaxos.ai Inc. (NASDAQ:GXAI) Sees Significant Increase in Short Interest

Gaxos.ai Inc. (NASDAQ:GXAI) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 278,200 shares, an increase of 31.0% from the February 28th total of 212,400 shares. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 4.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Gaxos.ai

Several institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC lifted its holdings in shares of Gaxos.ai by 151.8% during the fourth quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock worth $75,000 after buying an additional 17,663 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new stake in Gaxos.ai during the fourth quarter valued at approximately $39,000. Finally, Raymond James Financial Inc. acquired a new position in Gaxos.ai during the fourth quarter worth $29,000. 42.62% of the stock is currently owned by institutional investors.

Gaxos.ai Price Performance

Shares of NASDAQ GXAI traded up $0.04 during mid-day trading on Wednesday, reaching $1.34. The company had a trading volume of 196,657 shares, compared to its average volume of 2,225,638. Gaxos.ai has a 12-month low of $1.01 and a 12-month high of $7.50. The stock has a fifty day moving average of $1.41 and a two-hundred day moving average of $1.76.

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.