XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Sees Significant Decrease in Short Interest

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 267,960 shares, a drop of 95.5% from the April 30th total of 5,939,944 shares. Based on an average trading volume of 316,542 shares, the days-to-cover ratio is currently 0.8 days. Currently, 29.1% of the shares of the stock are short sold.

XIAO-I Price Performance

Shares of XIAO-I stock traded down $0.78 during mid-day trading on Wednesday, hitting $13.62. 131,856 shares of the stock were exchanged, compared to its average volume of 677,180. XIAO-I has a twelve month low of $1.62 and a twelve month high of $68.00. The company has a 50-day simple moving average of $12.73 and a 200 day simple moving average of $10.03.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AIXI. Weiss Ratings restated a “sell (e+)” rating on shares of XIAO-I in a report on Friday, April 10th. Wall Street Zen cut shares of XIAO-I from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About XIAO-I

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.