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

Gaxos.ai Inc. (NASDAQ:GXAI) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 278,200 shares, an increase of 31.0% from the February 28th total of 212,400 shares. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 4.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Gaxos.ai

A number of hedge funds have recently made changes to their positions in the business. Virtu Financial LLC increased its position in Gaxos.ai by 151.8% in the 4th quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock valued at $75,000 after acquiring an additional 17,663 shares during the period. Thoroughbred Financial Services LLC acquired a new position in shares of Gaxos.ai during the fourth quarter valued at $39,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Gaxos.ai during the fourth quarter valued at about $29,000. Institutional investors own 42.62% of the company’s stock.

Gaxos.ai Stock Up 3.1 %

Shares of Gaxos.ai stock traded up $0.04 during trading on Wednesday, hitting $1.34. 196,657 shares of the stock were exchanged, compared to its average volume of 2,225,638. The stock’s fifty day moving average is $1.41 and its 200 day moving average is $1.76. Gaxos.ai has a 12 month low of $1.01 and a 12 month high of $7.50.

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.