CXApp Inc. (NASDAQ:CXAI) Stock Short Interest Report for September

CXApp Inc. (NASDAQ:CXAI) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 156,249 shares, a decline of 35.6% from the September 15th total of 242,776 shares. Approximately 6.9% of the company’s stock are sold short. Based on an average trading volume of 66,760 shares, the days-to-cover ratio is currently 2.3 days.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CXAI. Wall Street Zen lowered CXApp from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of CXApp in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On CXApp

An institutional investor recently raised its position in CXApp stock. Renaissance Technologies LLC raised its holdings in CXApp Inc. (NASDAQ:CXAI) by 242.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 371,754 shares of the company’s stock after buying an additional 263,154 shares during the period. Renaissance Technologies LLC owned about 0.65% of CXApp worth $67,000 at the end of the most recent quarter. 14.41% of the stock is owned by institutional investors and hedge funds.

CXApp Stock Performance

Shares of CXAI stock opened at $1.94 on Friday. The company has a fifty day moving average price of $3.51 and a two-hundred day moving average price of $6.83. CXApp has a one year low of $1.75 and a one year high of $42.00. The stock has a market cap of $4.54 million, a P/E ratio of -0.07 and a beta of 0.97. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.64 and a quick ratio of 1.64.

CXApp (NASDAQ:CXAI) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($3.00) by $2.90. The company had revenue of $1.69 million for the quarter, compared to analyst estimates of $1.15 million. CXApp had a negative net margin of 446.46% and a negative return on equity of 135.04%.

CXApp Company Profile

CXApp Inc (NASDAQ: CXAI) develops an employee experience and workplace management platform designed to help organizations support hybrid and in-office work. Its cloud-based software brings workplace information, services and communications together in a centralized digital environment accessible through mobile and web applications.

The CXApp platform offers tools for employee engagement, workplace communications, office and desk booking, meeting-room scheduling, event management, indoor navigation and wayfinding, and workplace analytics.