Short Interest in CXApp Inc. (NASDAQ:CXAI) Drops By 96.6%

CXApp Inc. (NASDAQ:CXAI) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 245,712 shares, a decrease of 96.6% from the August 15th total of 7,205,536 shares. Currently, 10.9% of the company’s shares are short sold. Based on an average trading volume of 496,945 shares, the days-to-cover ratio is presently 0.5 days.

CXApp Trading Down 3.0%

Shares of CXAI stock traded down $0.09 during trading hours on Thursday, reaching $2.95. The company’s stock had a trading volume of 126,189 shares, compared to its average volume of 386,489. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.56. CXApp has a one year low of $2.89 and a one year high of $51.99. The stock has a market capitalization of $6.90 million, a P/E ratio of -0.11 and a beta of 0.92. The firm’s fifty day simple moving average is $5.80 and its 200 day simple moving average is $8.35.

CXApp (NASDAQ:CXAI) last announced its earnings results on Friday, August 14th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($3.00) by $2.90. CXApp had a negative return on equity of 135.04% and a negative net margin of 446.46%.The company had revenue of $1.69 million during the quarter, compared to the consensus estimate of $1.15 million.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of CXApp in a research report on Friday, July 17th. Wall Street Zen raised CXApp to a “hold” rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, CXApp presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in shares of CXApp in the 2nd quarter worth about $41,000. Renaissance Technologies LLC increased its position in shares of CXApp by 110.1% during the fourth quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock valued at $36,000 after buying an additional 56,911 shares during the period. DRW Securities LLC purchased a new position in shares of CXApp during the fourth quarter valued at about $44,000. Virtu Financial LLC bought a new position in CXApp in the fourth quarter worth about $46,000. Finally, Geode Capital Management LLC raised its stake in CXApp by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after buying an additional 50,310 shares in the last quarter. 14.41% of the stock is currently owned by institutional investors.

CXApp Company Profile

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.