Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Declines By 90.6%

Gaxos.ai Inc. (NASDAQ:GXAI) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 72,500 shares, a decrease of 90.6% from the November 15th total of 767,300 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average trading volume of 6,670,000 shares, the days-to-cover ratio is currently 0.0 days.

Gaxos.ai Price Performance

Shares of Gaxos.ai stock traded down $0.21 during trading on Friday, hitting $3.49. 3,975,530 shares of the stock traded hands, compared to its average volume of 2,225,649. Gaxos.ai has a 52 week low of $1.01 and a 52 week high of $19.20. The firm’s fifty day moving average is $1.68 and its 200-day moving average is $2.27.

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.