Xiao-I Co. (NASDAQ:AIXI) Short Interest Down 45.0% in March

Xiao-I Co. (NASDAQ:AIXI) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 152,100 shares, a drop of 45.0% from the February 28th total of 276,700 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 124,000 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Xiao-I

A hedge fund recently raised its stake in Xiao-I stock. Steward Partners Investment Advisory LLC grew its holdings in shares of Xiao-I Co. (NASDAQ:AIXI) by 729.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,300 shares of the company’s stock after buying an additional 37,200 shares during the quarter. Steward Partners Investment Advisory LLC owned 0.44% of Xiao-I worth $244,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.99% of the company’s stock.

Xiao-I Stock Down 5.8 %

NASDAQ AIXI opened at $3.90 on Friday. Xiao-I has a 52 week low of $2.06 and a 52 week high of $16.65. The company has a fifty day moving average of $4.59 and a two-hundred day moving average of $5.15.

Xiao-I Company Profile

Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co, Ltd., provides software services in the People’s Republic of China. It offers conversational AI platform that uses deep learning, data enhancement, active learning technologies for dialog management, context processing mechanisms, and driven by a learning system; knowledge fusion platform which integrates Q&A, documents, multimedia, information forms, business processes, knowledge graphs, and multimodal; intelligence voice platform to enhance intelligent speech solutions, realizing the macro processes of intelligent IVP, intelligent outbound calls, speech analysis, agent assistance, and human-computer interaction; and hyperautomation platform that integrates technologies, such as OCR, NLP, and visualized data mining and analysis that enables users to realize business and process automation.