Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Declines By 72.2%

Gaxos.ai Inc. (NASDAQ:GXAI) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 140,000 shares, a decline of 72.2% from the January 15th total of 504,000 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average daily trading volume, of 7,400,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Gaxos.ai

A number of large investors have recently bought and sold shares of GXAI. Virtu Financial LLC boosted its stake in Gaxos.ai by 151.8% in the 4th quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock worth $75,000 after purchasing an additional 17,663 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in Gaxos.ai in the 4th quarter worth approximately $39,000. Finally, Raymond James Financial Inc. bought a new position in Gaxos.ai in the 4th quarter valued at $29,000. 42.62% of the stock is owned by hedge funds and other institutional investors.

Gaxos.ai Price Performance

Shares of GXAI stock remained flat at $1.47 during trading hours on Wednesday. 177,738 shares of the stock traded hands, compared to its average volume of 887,016. The company’s 50-day moving average price is $2.39 and its two-hundred day moving average price is $2.03. Gaxos.ai has a 12 month low of $1.01 and a 12 month high of $19.20.

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.