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

Gaxos.ai Inc. (NASDAQ:GXAI) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 767,300 shares, an increase of 2,509.9% from the October 31st total of 29,400 shares. Based on an average daily trading volume, of 1,830,000 shares, the short-interest ratio is currently 0.4 days. Currently, 46.0% of the company’s stock are short sold.

Gaxos.ai Price Performance

NASDAQ:GXAI traded down $0.01 during midday trading on Wednesday, hitting $1.24. The company’s stock had a trading volume of 125,455 shares, compared to its average volume of 868,996. Gaxos.ai has a fifty-two week low of $1.01 and a fifty-two week high of $19.20. The firm’s 50 day moving average is $1.49 and its 200-day moving average is $2.36.

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.