Short Interest in XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Expands By 551.2%

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 7,005,300 shares, a growth of 551.2% from the March 31st total of 1,075,704 shares. Approximately 52.1% of the company’s shares are short sold. Based on an average daily volume of 294,053,807 shares, the short-interest ratio is presently 0.0 days.

XIAO-I Price Performance

XIAO-I stock opened at $0.76 on Friday. The stock’s 50 day moving average price is $0.45 and its 200 day moving average price is $0.58. XIAO-I has a one year low of $0.08 and a one year high of $4.02.

Shares of XIAO-I are set to reverse split before the market opens on Monday, May 11th. The 1-20 reverse split was announced on Thursday, April 23rd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 8th.

XIAO-I (NASDAQ:AIXI) last announced its earnings results on Wednesday, December 31st. The company reported ($1.26) earnings per share (EPS) for the quarter. The business had revenue of $5.76 million during the quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XIAO-I in a research note on Friday, April 10th. Wall Street Zen lowered XIAO-I from a “sell” rating to a “strong sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About XIAO-I

XIAO-I (NASDAQ: AIXI) is a technology company specializing in artificial intelligence solutions driven by natural language processing and machine learning. The company offers a suite of AI-powered products designed to automate and enhance customer interactions, knowledge management and data analytics for enterprise clients. XIAO-I’s core offerings include conversational AI engines, intelligent customer service platforms, knowledge graph development and voice and image recognition modules.

The company delivers its solutions via both cloud-based and on-premise deployments, catering to sectors such as banking, insurance, telecommunications, government services and healthcare.