XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Short Interest Update

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 104,884 shares, a decrease of 63.0% from the July 30th total of 283,389 shares. Based on an average trading volume of 863,859 shares, the days-to-cover ratio is presently 0.1 days. Approximately 11.4% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XIAO-I in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, XIAO-I has a consensus rating of “Sell”.

XIAO-I Stock Down 7.5%

Shares of AIXI stock traded down $0.04 during trading on Friday, hitting $0.55. 4,758,582 shares of the stock traded hands, compared to its average volume of 15,715,027. XIAO-I has a 52-week low of $0.40 and a 52-week high of $54.20. The firm’s fifty day moving average price is $1.38 and its 200-day moving average price is $6.84.

Shares of XIAO-I are scheduled to reverse split on Tuesday, September 8th. The 1-7 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, September 7th.

About XIAO-I

XIAO-I (NASDAQ: AIXI) is a technology company specializing in artificial intelligence solutions driven by natural language processing and machine learning. The company offers a suite of AI-powered products designed to automate and enhance customer interactions, knowledge management and data analytics for enterprise clients. XIAO-I’s core offerings include conversational AI engines, intelligent customer service platforms, knowledge graph development and voice and image recognition modules.

The company delivers its solutions via both cloud-based and on-premise deployments, catering to sectors such as banking, insurance, telecommunications, government services and healthcare.