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

Gaxos.ai Inc. (NASDAQ:GXAI) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 775,800 shares, an increase of 970.1% from the November 30th total of 72,500 shares. Currently, 22.8% of the company’s shares are sold short. Based on an average daily volume of 6,810,000 shares, the days-to-cover ratio is presently 0.1 days.

Gaxos.ai Stock Performance

NASDAQ:GXAI opened at $2.97 on Friday. Gaxos.ai has a fifty-two week low of $1.01 and a fifty-two week high of $19.20. The stock’s fifty day moving average is $1.94 and its 200 day moving average is $2.21.

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.