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

Gaxos.ai Inc. (NASDAQ:GXAI) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 504,000 shares, a growth of 108.3% from the December 31st total of 242,000 shares. Based on an average daily volume of 7,340,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 15.0% of the company’s shares are short sold.

Gaxos.ai Trading Down 3.1 %

GXAI traded down $0.05 during midday trading on Friday, reaching $1.57. 208,598 shares of the company’s stock traded hands, compared to its average volume of 1,045,716. Gaxos.ai has a 52 week low of $1.01 and a 52 week high of $19.20. The firm has a fifty day moving average of $2.34 and a two-hundred day moving average of $2.07.

Gaxos.ai Company Profile

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.