Short Interest in Gaxos.ai Inc. (NASDAQ:GXAI) Increases By 1,965.0%

Posted by Brenda Bartman on Aug 25th, 2026

Gaxos.ai Inc. (NASDAQ:GXAI – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,428,202 shares, a growth of 1,965.0% from the July 30th total of 69,161 shares. Approximately 20.7% of the company’s shares are sold short. Based on an average daily volume of 12,775,546 shares, the days-to-cover ratio is currently 0.1 days.

Gaxos.ai Price Performance

Shares of NASDAQ GXAI traded down $0.03 during trading on Tuesday, hitting $0.82. 332,097 shares of the company were exchanged, compared to its average volume of 6,942,118. Gaxos.ai has a 1 year low of $0.73 and a 1 year high of $2.63. The firm’s fifty day moving average price is $1.02 and its 200 day moving average price is $1.18.

Gaxos.ai (NASDAQ:GXAI – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.17. The company had revenue of $2.46 million during the quarter, compared to analysts’ expectations of $1.80 million. Gaxos.ai had a negative net margin of 64.81% and a negative return on equity of 38.79%. Analysts forecast that Gaxos.ai will post -0.3 EPS for the current fiscal year.

Gaxos.ai announced that its board has initiated a stock repurchase program on Monday, August 3rd that allows the company to buyback $1,000.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 18,726,591.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Gaxos.ai

Institutional investors have recently added to or reduced their stakes in the business. DRW Securities LLC purchased a new stake in Gaxos.ai in the 4th quarter valued at about $213,000. Two Sigma Investments LP acquired a new stake in shares of Gaxos.ai in the third quarter worth approximately $90,000. XTX Topco Ltd purchased a new stake in Gaxos.ai in the second quarter valued at approximately $48,000. Finally, Susquehanna International Group LLP acquired a new position in Gaxos.ai during the second quarter worth approximately $66,000. 42.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GXAI. Wall Street Zen upgraded Gaxos.ai from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings cut shares of Gaxos.ai from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

View Our Latest Stock Report on GXAI

About Gaxos.ai

(Get Free Report)

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.