XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Stock Short Interest Rises 606.8%

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 307,987 shares, a growth of 606.8% from the September 30th total of 43,575 shares. Based on an average trading volume of 23,087,247 shares, the days-to-cover ratio is presently 0.0 days. Approximately 233.3% of the shares of the stock are short sold.

XIAO-I Stock Down 1.7%

AIXI traded down $0.05 during trading on Thursday, hitting $2.91. 59,076 shares of the stock traded hands, compared to its average volume of 1,962,768. XIAO-I has a twelve month low of $1.18 and a twelve month high of $379.40. The business has a 50 day moving average price of $2.80 and a 200 day moving average price of $37.65.

XIAO-I (NASDAQ:AIXI) last issued its quarterly earnings data on Thursday, October 1st. The company reported ($23.10) earnings per share for the quarter. The company had revenue of $0.52 million during the quarter.

Analysts Set New Price Targets

A number of brokerages have weighed in on AIXI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XIAO-I in a research note on Friday, October 2nd. Wall Street Zen raised XIAO-I from a “strong sell” rating to a “hold” rating in a report on Saturday, October 3rd. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

XIAO-I Company Profile

XIAO-I Corporation is an artificial intelligence company based in China that develops enterprise-focused cognitive intelligence technologies. Its offerings are built primarily around natural language processing, machine learning and conversational AI, helping organizations automate interactions and use business data more effectively.

The company provides products and services for applications such as intelligent customer service, virtual assistants, knowledge management, employee support and business-process automation.