Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Rises By 970.1%

Gaxos.ai Inc. (NASDAQ:GXAI) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 775,800 shares, an increase of 970.1% from the November 30th total of 72,500 shares. Based on an average daily trading volume, of 6,810,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 22.8% of the shares of the stock are sold short.

Gaxos.ai Stock Up 40.4 %

Shares of NASDAQ GXAI traded up $1.03 during midday trading on Thursday, hitting $3.58. 6,495,001 shares of the company’s stock were exchanged, compared to its average volume of 2,283,555. The business’s fifty day moving average price is $1.90 and its two-hundred day moving average price is $2.20. Gaxos.ai has a 12-month low of $1.01 and a 12-month high of $19.20.

Gaxos.ai Company Profile

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.