Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Decreases By 54.6%

Gaxos.ai Inc. (NASDAQ:GXAI) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 105,900 shares, a decline of 54.6% from the March 31st total of 233,200 shares. Based on an average daily trading volume, of 399,900 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.6% of the shares of the company are short sold.

Gaxos.ai Stock Down 2.1 %

Gaxos.ai stock traded down $0.02 during trading hours on Monday, reaching $1.14. 29,766 shares of the stock were exchanged, compared to its average volume of 2,242,738. The firm’s 50 day moving average is $1.20 and its 200 day moving average is $1.67. Gaxos.ai has a 52-week low of $1.00 and a 52-week high of $7.50.

Institutional Investors Weigh In On Gaxos.ai

A number of hedge funds have recently added to or reduced their stakes in GXAI. Raymond James Financial Inc. purchased a new position in shares of Gaxos.ai during the 4th quarter worth approximately $29,000. Thoroughbred Financial Services LLC acquired a new stake in Gaxos.ai in the fourth quarter valued at $39,000. Finally, Virtu Financial LLC grew its stake 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 worth $75,000 after purchasing an additional 17,663 shares during the period. Institutional investors and hedge funds own 42.62% of the company’s stock.

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.