Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Decreases By 51.9%

Gaxos.ai Inc. (NASDAQ:GXAI) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 129,859 shares, a decrease of 51.9% from the December 31st total of 270,190 shares. Based on an average daily trading volume, of 116,424 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.9% of the company’s stock are short sold. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 116,424 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gaxos.ai stock. XTX Topco Ltd bought a new stake in Gaxos.ai Inc. (NASDAQ:GXAI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 34,006 shares of the company’s stock, valued at approximately $48,000. XTX Topco Ltd owned approximately 0.48% of Gaxos.ai as of its most recent SEC filing. Institutional investors own 42.62% of the company’s stock.

Analysts Set New Price Targets

GXAI has been the subject of several recent research reports. Wall Street Zen downgraded Gaxos.ai from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gaxos.ai in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Gaxos.ai Trading Up 6.0%

GXAI opened at $1.41 on Thursday. The firm has a market cap of $10.04 million, a price-to-earnings ratio of -3.36 and a beta of 1.09. Gaxos.ai has a 12 month low of $1.00 and a 12 month high of $2.96. The stock has a fifty day moving average price of $1.17 and a 200-day moving average price of $1.42.

Gaxos.ai (NASDAQ:GXAI) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.14) earnings per share for the quarter. Gaxos.ai had a negative net margin of 549.60% and a negative return on equity of 25.08%. The company had revenue of $0.50 million for the quarter.

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. The company was formerly known as The NFT Gaming Company, Inc and changed its name to Gaxos.ai Inc in January 2024. Gaxos.ai Inc was incorporated in 2021 and is based in Roseland, New Jersey.