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

Gaxos.ai Inc. (NASDAQ:GXAI) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 72,500 shares, a drop of 90.6% from the November 15th total of 767,300 shares. Based on an average daily trading volume, of 6,670,000 shares, the short-interest ratio is currently 0.0 days. Approximately 2.9% of the shares of the company are short sold.

Gaxos.ai Trading Down 5.7 %

GXAI stock traded down $0.21 during midday trading on Friday, reaching $3.49. 3,975,530 shares of the company’s stock traded hands, compared to its average volume of 2,225,649. The company has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $2.27. Gaxos.ai has a 52 week low of $1.01 and a 52 week high of $19.20.

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.