XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Sees Large Increase in Short Interest

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 7,005,300 shares, an increase of 551.2% from the March 31st total of 1,075,704 shares. Based on an average trading volume of 294,053,807 shares, the days-to-cover ratio is currently 0.0 days. Approximately 52.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AIXI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of XIAO-I in a research note on Friday, April 10th. Wall Street Zen raised shares of XIAO-I to a “sell” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

XIAO-I Trading Down 29.6%

AIXI stock traded down $0.32 during trading on Friday, hitting $0.76. The company had a trading volume of 16,588,701 shares, compared to its average volume of 41,711,590. XIAO-I has a 52-week low of $0.08 and a 52-week high of $4.02. The company has a 50 day simple moving average of $0.44 and a 200-day simple moving average of $0.59.

XIAO-I (NASDAQ:AIXI) last posted its quarterly earnings results on Wednesday, December 31st. The company reported ($1.26) EPS for the quarter. The company had revenue of $5.76 million for the quarter.

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.