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

CXApp Inc. (NASDAQ:CXAI) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 293,777 shares, a growth of 88.0% from the September 30th total of 156,249 shares. Based on an average daily trading volume, of 137,512 shares, the short-interest ratio is presently 2.1 days. Approximately 13.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

CXAI has been the subject of several recent research reports. Wall Street Zen downgraded shares of CXApp from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. Weiss Ratings restated a “sell (e+)” rating on shares of CXApp in a report on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, CXApp currently has an average rating of “Sell”.

CXApp Trading Down 11.9%

Shares of NASDAQ CXAI opened at $1.33 on Friday. The stock has a market capitalization of $3.11 million, a P/E ratio of -0.05 and a beta of 0.97. The business has a fifty day moving average price of $2.55 and a 200 day moving average price of $7.82. CXApp has a 1-year low of $1.26 and a 1-year high of $37.41. 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 posted its earnings results on Friday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.00) by $2.90. CXApp had a negative net margin of 446.46% and a negative return on equity of 135.04%. The business had revenue of $1.69 million for the quarter, compared to analyst estimates of $1.15 million.

About CXApp

CXApp Inc (NASDAQ: CXAI) provides an enterprise workplace experience platform designed to help organizations connect employees with people, information and physical workspaces. Its software supports employee communications, workplace engagement and collaboration through branded mobile and digital experiences.

The CXApp platform includes features such as workplace navigation and wayfinding, desk and room booking, event and community engagement, internal communications, service requests and workplace analytics.