Gaxos.ai Inc. (NASDAQ:GXAI) Short Interest Up 31.0% in March

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

Institutional Trading of Gaxos.ai

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Gaxos.ai in the fourth quarter valued at approximately $29,000. Thoroughbred Financial Services LLC acquired a new stake in Gaxos.ai during the 4th quarter worth approximately $39,000. Finally, Virtu Financial LLC boosted 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 buying an additional 17,663 shares during the period. 42.62% of the stock is currently owned by hedge funds and other institutional investors.

Gaxos.ai Price Performance

Shares of GXAI stock traded up $0.10 on Tuesday, hitting $1.31. The stock had a trading volume of 347,417 shares, compared to its average volume of 2,224,615. The company’s 50 day moving average price is $1.42 and its 200-day moving average price is $1.77. Gaxos.ai has a 1 year low of $1.01 and a 1 year high of $7.50.

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.