CXApp Inc. (NASDAQ:CXAI) Short Interest Update

CXApp Inc. (NASDAQ:CXAI) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 3,637,155 shares, a decrease of 36.1% from the June 15th total of 5,688,270 shares. Approximately 5.4% of the shares of the company are sold short. Based on an average trading volume of 10,886,380 shares, the days-to-cover ratio is currently 0.3 days.

CXApp Stock Performance

CXAI stock traded down $0.01 during trading hours on Friday, hitting $0.13. 4,509,863 shares of the stock were exchanged, compared to its average volume of 15,882,180. The company has a current ratio of 2.29, a quick ratio of 2.28 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $9.04 million, a P/E ratio of -0.22 and a beta of 0.93. The company has a 50-day simple moving average of $0.19 and a two-hundred day simple moving average of $0.21. CXApp has a 12 month low of $0.13 and a 12 month high of $1.15.

CXApp (NASDAQ:CXAI) last posted its earnings results on Wednesday, May 13th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The company had revenue of $0.95 million during the quarter, compared to the consensus estimate of $0.90 million. CXApp had a negative return on equity of 106.67% and a negative net margin of 368.07%.

Institutional Trading of CXApp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in shares of CXApp by 110.1% during the 4th quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock worth $36,000 after purchasing an additional 56,911 shares in the last quarter. XTX Topco Ltd bought a new position in shares of CXApp during the second quarter worth approximately $41,000. DRW Securities LLC acquired a new stake in shares of CXApp in the fourth quarter valued at approximately $44,000. Virtu Financial LLC acquired a new stake in shares of CXApp in the fourth quarter valued at approximately $46,000. Finally, Geode Capital Management LLC boosted its stake in shares of CXApp by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after buying an additional 50,310 shares during the period. Institutional investors and hedge funds own 14.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CXApp in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About CXApp

CXApp Holdings, Inc develops and delivers workplace experience software designed to help enterprises manage hybrid work environments and improve employee engagement. Its flagship platform provides a mobile-first digital workplace companion that integrates space management, wayfinding, service requests, and communications. By combining Internet of Things (IoT) connectivity and data-driven insights, the platform enables organizations to optimize real estate, enhance operational efficiency, and support health and safety protocols.

The CXApp platform offers a suite of features tailored to employees, visitors, and facilities teams.