XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Shares Shorted: Short Interest Up 606.8% in October

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 307,987 shares, a growth of 606.8% from the September 30th total of 43,575 shares. Approximately 233.3% of the shares of the stock are sold short. Based on an average trading volume of 23,087,247 shares, the days-to-cover ratio is presently 0.0 days.

XIAO-I Trading Down 0.7%

XIAO-I stock traded down $0.02 during mid-day trading on Tuesday, reaching $2.99. The stock had a trading volume of 319,614 shares, compared to its average volume of 1,979,678. XIAO-I has a fifty-two week low of $1.18 and a fifty-two week high of $379.40. The stock’s 50-day simple moving average is $2.91 and its 200-day simple moving average is $38.20.

XIAO-I (NASDAQ:AIXI) last posted its earnings results on Thursday, October 1st. The company reported ($23.10) EPS for the quarter. The firm had revenue of $0.52 million for the quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen raised XIAO-I from a “strong sell” rating to a “hold” rating in a report on Saturday, October 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XIAO-I in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, XIAO-I has a consensus rating of “Sell”.

About XIAO-I

XIAO-I Holdings Ltd. is an artificial intelligence company that develops and provides cognitive-intelligence technologies and enterprise software. The company’s offerings are designed to help organizations automate customer interactions, analyze information and improve business processes through natural-language processing, machine learning and other AI capabilities.

XIAO-I’s product portfolio includes AI-powered virtual assistants, chatbots, natural-language processing tools, intelligent customer-service applications and enterprise knowledge-management solutions.