Gaxos.ai Inc. (NASDAQ:GXAI) Short Interest Up 31.0% in March

Gaxos.ai Inc. (NASDAQ:GXAI) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 278,200 shares, a growth of 31.0% from the February 28th total of 212,400 shares. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 4.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Gaxos.ai

Several institutional investors and hedge funds have recently bought and sold shares of GXAI. Raymond James Financial Inc. purchased a new stake in shares of Gaxos.ai during the 4th quarter valued at approximately $29,000. Thoroughbred Financial Services LLC purchased a new stake in Gaxos.ai in the fourth quarter valued at $39,000. Finally, Virtu Financial LLC raised its position in Gaxos.ai by 151.8% in the fourth quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock valued at $75,000 after purchasing an additional 17,663 shares during the period. 42.62% of the stock is currently owned by institutional investors and hedge funds.

Gaxos.ai Trading Up 8.3 %

Shares of GXAI stock traded up $0.10 on Tuesday, hitting $1.31. 347,417 shares of the stock traded hands, compared to its average volume of 2,224,615. Gaxos.ai has a twelve month low of $1.01 and a twelve month high of $7.50. The firm’s 50-day moving average price is $1.42 and its two-hundred day moving average price is $1.77.

About Gaxos.ai

Gaxos.ai Inc engages in developing artificial intelligence applications for various sectors. Its portfolio includes applications in mental and physical wellbeing, coaching, and gaming. In addition, it offers Gaxos, a gaming platform develop, design, acquire, and manage conventional games and combine these games with unconventional game mechanisms.