Xiao-I Co. (NASDAQ:AIXI) Short Interest Up 29.9% in March

Xiao-I Co. (NASDAQ:AIXI) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 197,600 shares, an increase of 29.9% from the March 15th total of 152,100 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 121,300 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On Xiao-I

An institutional investor recently raised its position in Xiao-I stock. Steward Partners Investment Advisory LLC boosted its stake in shares of Xiao-I Co. (NASDAQ:AIXI) by 729.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,300 shares of the company’s stock after acquiring an additional 37,200 shares during the period. Steward Partners Investment Advisory LLC owned 0.44% of Xiao-I worth $244,000 at the end of the most recent reporting period. Institutional investors own 3.99% of the company’s stock.

Xiao-I Trading Up 12.7 %

Shares of AIXI opened at $2.92 on Friday. Xiao-I has a 52 week low of $2.06 and a 52 week high of $13.50. The firm’s 50-day simple moving average is $3.96 and its 200 day simple moving average is $4.97.

About Xiao-I

Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co, Ltd., provides software services in the People’s Republic of China. It offers conversational AI platform that uses deep learning, data enhancement, active learning technologies for dialog management, context processing mechanisms, and driven by a learning system; knowledge fusion platform which integrates Q&A, documents, multimedia, information forms, business processes, knowledge graphs, and multimodal; intelligence voice platform to enhance intelligent speech solutions, realizing the macro processes of intelligent IVP, intelligent outbound calls, speech analysis, agent assistance, and human-computer interaction; and hyperautomation platform that integrates technologies, such as OCR, NLP, and visualized data mining and analysis that enables users to realize business and process automation.