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

Gaxos.ai Inc. (NASDAQ:GXAI) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 297,438 shares, a drop of 56.5% from the January 29th total of 683,583 shares. Approximately 4.3% of the company’s shares are short sold. Based on an average daily trading volume, of 20,192,278 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 20,192,278 shares, the days-to-cover ratio is presently 0.0 days. Approximately 4.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd grew its position in Gaxos.ai by 197.4% during the fourth quarter. XTX Topco Ltd now owns 44,811 shares of the company’s stock valued at $48,000 after acquiring an additional 29,745 shares during the last quarter. Two Sigma Investments LP purchased a new position in Gaxos.ai in the 3rd quarter worth $90,000. Finally, DRW Securities LLC purchased a new stake in Gaxos.ai during the fourth quarter valued at about $213,000. 42.62% of the stock is currently owned by hedge funds and other institutional investors.

Gaxos.ai Stock Performance

Shares of Gaxos.ai stock traded up $0.05 during midday trading on Friday, hitting $1.16. 654,783 shares of the company traded hands, compared to its average volume of 11,208,170. Gaxos.ai has a 12 month low of $1.00 and a 12 month high of $2.96. The stock has a market cap of $8.26 million, a price-to-earnings ratio of -2.76 and a beta of 1.05. The firm’s fifty day moving average price is $1.22 and its 200-day moving average price is $1.43.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gaxos.ai in a research report on Monday, December 22nd. Wall Street Zen cut Gaxos.ai from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Gaxos.ai has a consensus rating of “Sell”.

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. The company was formerly known as The NFT Gaming Company, Inc and changed its name to Gaxos.ai Inc in January 2024. Gaxos.ai Inc was incorporated in 2021 and is based in Roseland, New Jersey.