Short Interest in XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Drops By 63.0%

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 104,884 shares, a decrease of 63.0% from the July 30th total of 283,389 shares. Based on an average daily volume of 863,859 shares, the days-to-cover ratio is currently 0.1 days. Currently, 11.4% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XIAO-I in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

XIAO-I Stock Performance

Shares of NASDAQ:AIXI traded down $0.04 during mid-day trading on Friday, hitting $0.55. The company had a trading volume of 578,031 shares, compared to its average volume of 3,318,070. XIAO-I has a one year low of $0.40 and a one year high of $54.20. The firm has a fifty day moving average price of $1.49 and a 200 day moving average price of $6.89.

XIAO-I shares are scheduled to reverse split on Tuesday, September 8th. The 1-7 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 7th.

XIAO-I Company Profile

XIAO-I (NASDAQ: AIXI) is a technology company specializing in artificial intelligence solutions driven by natural language processing and machine learning. The company offers a suite of AI-powered products designed to automate and enhance customer interactions, knowledge management and data analytics for enterprise clients. XIAO-I’s core offerings include conversational AI engines, intelligent customer service platforms, knowledge graph development and voice and image recognition modules.

The company delivers its solutions via both cloud-based and on-premise deployments, catering to sectors such as banking, insurance, telecommunications, government services and healthcare.