XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Shares Shorted: Short Interest Down 70.8% in October

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI – Get Free Report) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 90,029 shares, a drop of 70.8% from the October 15th total of 307,987 shares. Based on an average daily volume of 4,859,432 shares, the days-to-cover ratio is currently 0.0 days. Approximately 15.8% of the shares of the company are sold short.

XIAO-I Price Performance

AIXI stock traded up $0.13 during mid-day trading on Friday, reaching $1.91. 1,854,780 shares of the company traded hands, compared to its average volume of 1,880,182. The firm’s 50 day moving average price is $2.39 and its 200 day moving average price is $35.24. XIAO-I has a fifty-two week low of $1.18 and a fifty-two week high of $379.40.

XIAO-I (NASDAQ:AIXI – Get Free Report) last issued its quarterly earnings results on Thursday, October 1st. The company reported ($23.10) EPS for the quarter. The business had revenue of $0.52 million for the quarter.

Analyst Ratings Changes

A number of research firms have issued reports on AIXI. Weiss Ratings restated a “sell (e+)” rating on shares of XIAO-I in a report 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 investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, XIAO-I currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on XIAO-I

About XIAO-I

(Get Free Report)

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.

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