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

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 267,960 shares, a drop of 95.5% from the April 30th total of 5,939,944 shares. Based on an average daily volume of 316,542 shares, the days-to-cover ratio is currently 0.8 days. Currently, 29.1% of the shares of the stock are sold short.

XIAO-I Stock Down 6.0%

Shares of XIAO-I stock traded down $0.81 on Friday, reaching $12.81. 66,031 shares of the company were exchanged, compared to its average volume of 1,741,017. XIAO-I has a fifty-two week low of $1.62 and a fifty-two week high of $64.40. The stock has a fifty day moving average price of $12.94 and a 200-day moving average price of $10.00.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AIXI shares. Weiss Ratings restated a “sell (e+)” rating on shares of XIAO-I in a report on Friday, April 10th. Wall Street Zen cut shares of XIAO-I from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, XIAO-I presently has a consensus rating of “Sell”.

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.