XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Short Interest Down 38.3% in May

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 165,262 shares, a decline of 38.3% from the May 14th total of 267,960 shares. Based on an average daily trading volume, of 207,717 shares, the days-to-cover ratio is currently 0.8 days. Currently, 18.0% of the company’s shares are sold short.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AIXI shares. Wall Street Zen cut XIAO-I from a “sell” rating to a “strong sell” rating in a research note 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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

XIAO-I Stock Up 5.3%

Shares of NASDAQ AIXI opened at $7.41 on Wednesday. XIAO-I has a twelve month low of $1.62 and a twelve month high of $62.00. The stock has a fifty day simple moving average of $14.68 and a 200-day simple moving average of $9.47.

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.