Gaxos.ai Inc. (NASDAQ:GXAI) Sees Large Growth in Short Interest

Gaxos.ai Inc. (NASDAQ:GXAI) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 278,200 shares, an increase of 31.0% from the February 28th total of 212,400 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 4.4% of the company’s shares are short sold.

Institutional Trading of Gaxos.ai

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Gaxos.ai in the 4th quarter worth about $29,000. Thoroughbred Financial Services LLC bought a new position in shares of Gaxos.ai during the 4th quarter worth about $39,000. Finally, Virtu Financial LLC grew its stake in shares of Gaxos.ai by 151.8% in the 4th quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock valued at $75,000 after buying an additional 17,663 shares during the period. Institutional investors own 42.62% of the company’s stock.

Gaxos.ai Trading Up 4.3 %

Shares of GXAI traded up $0.05 during trading hours on Monday, hitting $1.21. 103,069 shares of the stock were exchanged, compared to its average volume of 2,232,071. Gaxos.ai has a fifty-two week low of $1.01 and a fifty-two week high of $7.50. The business has a 50-day moving average of $1.44 and a 200-day moving average of $1.77.

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.