Xiao-I Co. (NASDAQ:AIXI) Short Interest Up 84.6% in October

Xiao-I Co. (NASDAQ:AIXI) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 189,600 shares, a growth of 84.6% from the October 15th total of 102,700 shares. Based on an average daily volume of 230,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

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

Xiao-I Stock Performance

Shares of Xiao-I stock opened at $5.57 on Friday. The business’s 50-day moving average price is $5.12. Xiao-I has a 12-month low of $2.06 and a 12-month high of $24.66.

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.