XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Sees Significant Drop in Short Interest

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 787,591 shares, a drop of 23.8% from the February 12th total of 1,033,652 shares. Approximately 5.9% of the shares of the company are short sold. Based on an average trading volume of 1,160,603 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 1,160,603 shares, the days-to-cover ratio is currently 0.7 days. Approximately 5.9% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of XIAO-I in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

XIAO-I Stock Down 1.0%

Shares of XIAO-I stock opened at $0.20 on Friday. XIAO-I has a 1-year low of $0.19 and a 1-year high of $4.45. The business’s fifty day moving average price is $0.27 and its two-hundred day moving average price is $0.77.

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

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.