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

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

Hedge Funds Weigh In On Gaxos.ai

Several hedge funds and other institutional investors have recently made changes to their positions in GXAI. Virtu Financial LLC grew its stake 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 valued at $75,000 after buying an additional 17,663 shares in the last quarter. Thoroughbred Financial Services LLC bought a new position in shares of Gaxos.ai in the fourth quarter valued at $39,000. Finally, Raymond James Financial Inc. acquired a new stake in Gaxos.ai during the 4th quarter valued at $29,000. 42.62% of the stock is owned by institutional investors.

Gaxos.ai Stock Up 16.2 %

Shares of GXAI opened at $1.29 on Thursday. Gaxos.ai has a twelve month low of $1.01 and a twelve month high of $16.27. The company has a 50 day moving average of $1.85 and a 200-day moving average of $1.94.

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.