Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Expands By 24.5%

Gaxos.ai Inc. (NASDAQ:GXAI) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 212,400 shares, an increase of 24.5% from the February 13th total of 170,600 shares. Based on an average daily trading volume, of 6,450,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.4% of the company’s stock are sold short.

Gaxos.ai Stock Performance

GXAI traded down $0.03 during trading on Tuesday, reaching $1.24. The company had a trading volume of 86,590 shares, compared to its average volume of 2,239,141. Gaxos.ai has a 12 month low of $1.01 and a 12 month high of $7.90. The business’s fifty day moving average price is $1.58 and its 200 day moving average price is $1.85.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Gaxos.ai in the fourth quarter valued at approximately $29,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Gaxos.ai in the fourth quarter valued at approximately $39,000. Finally, Virtu Financial LLC raised its holdings in shares of 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 purchasing an additional 17,663 shares during the last quarter. Institutional investors 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.