XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) Short Interest Down 63.0% in August

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 104,884 shares, a decrease of 63.0% from the July 30th total of 283,389 shares. Based on an average daily trading volume, of 863,859 shares, the short-interest ratio is currently 0.1 days. Approximately 11.4% of the company’s stock are sold short.

XIAO-I Stock Down 6.1%

Shares of AIXI traded down $0.04 during trading hours on Friday, reaching $0.55. 578,031 shares of the stock traded hands, compared to its average volume of 3,318,070. XIAO-I has a 52 week low of $0.40 and a 52 week high of $54.20. The stock has a fifty day simple moving average of $1.49 and a 200 day simple moving average of $6.89.

XIAO-I’s stock is scheduled to reverse split on the morning of Tuesday, September 8th. The 1-7 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 7th.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XIAO-I in a report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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.