Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Grows By 21.9%

Gaxos.ai Inc. (NASDAQ:GXAI) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 170,600 shares, a growth of 21.9% from the January 31st total of 140,000 shares. Based on an average daily volume of 6,350,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 5.1% of the shares of the company are sold short.

Gaxos.ai Stock Up 16.2 %

Shares of Gaxos.ai stock opened at $1.29 on Thursday. The business has a fifty day simple moving average of $1.85 and a two-hundred day simple moving average of $1.94. Gaxos.ai has a 1 year low of $1.01 and a 1 year high of $16.27.

Institutional Investors Weigh In On Gaxos.ai

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Gaxos.ai during the fourth quarter worth $29,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Gaxos.ai during the fourth quarter worth $39,000. Finally, Virtu Financial LLC lifted its holdings in shares of Gaxos.ai by 151.8% during the fourth quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock worth $75,000 after buying an additional 17,663 shares in the last quarter. Institutional investors and hedge funds own 42.62% of the company’s stock.

About Gaxos.ai

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.