Xiao-I Co. (NASDAQ:AIXI) Sees Significant Decrease in Short Interest

Xiao-I Co. (NASDAQ:AIXI) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 413,200 shares, a decrease of 15.2% from the June 30th total of 487,500 shares. Based on an average trading volume of 259,400 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Xiao-I

An institutional investor recently bought a new position in Xiao-I stock. Murchinson Ltd. acquired a new stake in shares of Xiao-I Co. (NASDAQ:AIXI) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 38,388 shares of the company’s stock, valued at approximately $69,000. Murchinson Ltd. owned 0.05% of Xiao-I at the end of the most recent reporting period. Institutional investors own 3.99% of the company’s stock.

Xiao-I Trading Down 5.4 %

Shares of NASDAQ:AIXI opened at $0.70 on Tuesday. The company’s 50-day moving average price is $0.79 and its 200 day moving average price is $1.40. Xiao-I has a fifty-two week low of $0.59 and a fifty-two week high of $10.39.

About Xiao-I

Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co, Ltd., provides smart city, software, and architectural design artificial intelligence services in the People's Republic of China. It offers software products, such as intelligent interactive platform, intelligent voice platform, knowledge fusion platform, computer vision series platform, and other intelligent products.