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

Gaxos.ai Inc. (NASDAQ:GXAI) was the target of a significant 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. Currently, 5.1% of the company’s stock are sold short. Based on an average daily volume of 6,350,000 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Gaxos.ai

Several large investors have recently added to or reduced their stakes in GXAI. 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 Gaxos.ai during the fourth quarter worth about $39,000. Finally, Virtu Financial LLC boosted its stake in Gaxos.ai by 151.8% in the fourth 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. 42.62% of the stock is currently owned by institutional investors.

Gaxos.ai Price Performance

Shares of Gaxos.ai stock opened at $1.20 on Friday. The business has a 50-day moving average price of $1.80 and a 200 day moving average price of $1.94. Gaxos.ai has a fifty-two week low of $1.01 and a fifty-two week high of $16.27.

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.