Gaxos.ai Inc. (NASDAQ:GXAI) Short Interest Update

Gaxos.ai Inc. (NASDAQ:GXAI) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 170,600 shares, an increase of 21.9% from the January 31st total of 140,000 shares. Approximately 5.1% of the shares of the company are sold short. Based on an average daily trading volume, of 6,350,000 shares, the days-to-cover ratio is presently 0.0 days.

Gaxos.ai Price Performance

GXAI opened at $1.26 on Friday. The company’s 50 day moving average is $1.77 and its 200 day moving average is $1.93. Gaxos.ai has a 12-month low of $1.01 and a 12-month high of $16.27.

Hedge Funds Weigh In On Gaxos.ai

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Gaxos.ai in the fourth quarter worth approximately $29,000. Thoroughbred Financial Services LLC purchased a new position in shares of Gaxos.ai in the fourth quarter worth approximately $39,000. Finally, Virtu Financial LLC boosted its holdings in shares of Gaxos.ai by 151.8% in the fourth quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock worth $75,000 after buying an additional 17,663 shares during the last quarter. Hedge funds and other institutional investors own 42.62% of the company’s stock.

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.