Gaxos.ai Inc. (NASDAQ:GXAI) Short Interest Update

Gaxos.ai Inc. (NASDAQ:GXAI) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 233,200 shares, a decline of 16.2% from the March 15th total of 278,200 shares. Based on an average daily trading volume, of 623,100 shares, the short-interest ratio is presently 0.4 days. Currently, 3.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Gaxos.ai

A number of hedge funds and other institutional investors have recently modified their holdings of GXAI. Raymond James Financial Inc. acquired a new stake in Gaxos.ai in the 4th quarter worth about $29,000. Thoroughbred Financial Services LLC acquired a new position in Gaxos.ai in the 4th quarter valued at $39,000. Finally, Virtu Financial LLC lifted its position in shares of Gaxos.ai by 151.8% during the 4th quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock valued at $75,000 after acquiring an additional 17,663 shares during the period. Institutional investors and hedge funds own 42.62% of the company’s stock.

Gaxos.ai Stock Down 5.0 %

Gaxos.ai stock traded down $0.06 during trading hours on Monday, hitting $1.05. The company had a trading volume of 47,573 shares, compared to its average volume of 2,241,447. The firm has a 50-day moving average of $1.25 and a 200 day moving average of $1.68. Gaxos.ai has a one year low of $1.01 and a one year high of $7.50.

Gaxos.ai Company Profile

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.