XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Short Interest Down 95.5% in May

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) was the recipient of 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 trading volume of 316,542 shares, the short-interest ratio is currently 0.8 days. Approximately 29.1% of the shares of the stock are sold short.

XIAO-I Price Performance

Shares of XIAO-I stock opened at $13.62 on Thursday. The stock has a 50 day moving average price of $12.73 and a two-hundred day moving average price of $10.03. XIAO-I has a 52 week low of $1.62 and a 52 week high of $68.00.

Analyst Ratings Changes

A number of brokerages have weighed in on AIXI. Wall Street Zen downgraded XIAO-I from a “sell” rating to a “strong sell” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XIAO-I in a research note on Friday, April 10th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, XIAO-I presently has an average rating of “Sell”.

XIAO-I Company Profile

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.