Xiao-I Co. (NASDAQ:AIXI) Sees Large Drop in Short Interest

Xiao-I Co. (NASDAQ:AIXI) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 66,700 shares, a drop of 52.1% from the August 31st total of 139,300 shares. Based on an average daily volume of 116,000 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Xiao-I stock. Murchinson Ltd. purchased a new stake in shares of Xiao-I Co. (NASDAQ:AIXI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,388 shares of the company’s stock, valued at approximately $69,000. Murchinson Ltd. owned about 0.05% of Xiao-I at the end of the most recent reporting period. 3.99% of the stock is currently owned by hedge funds and other institutional investors.

Xiao-I Trading Down 6.3 %

Shares of NASDAQ:AIXI opened at $6.00 on Friday. Xiao-I has a 1 year low of $2.06 and a 1 year high of $24.66.

About Xiao-I

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.