Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Grows By 24.5%

Gaxos.ai Inc. (NASDAQ:GXAI) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 212,400 shares, an increase of 24.5% from the February 13th total of 170,600 shares. Based on an average daily trading volume, of 6,450,000 shares, the short-interest ratio is currently 0.0 days. Currently, 3.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Gaxos.ai

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Gaxos.ai in the 4th quarter worth $29,000. Thoroughbred Financial Services LLC purchased a new position in shares of Gaxos.ai in the 4th quarter worth $39,000. Finally, Virtu Financial LLC boosted its stake in shares of Gaxos.ai by 151.8% in the 4th 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. 42.62% of the stock is currently owned by hedge funds and other institutional investors.

Gaxos.ai Stock Performance

Shares of GXAI stock traded up $0.05 on Monday, reaching $1.27. The stock had a trading volume of 192,008 shares, compared to its average volume of 2,239,946. Gaxos.ai has a 1 year low of $1.01 and a 1 year high of $7.90. The company has a 50 day simple moving average of $1.62 and a 200 day simple moving average of $1.86.

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.