CXApp Inc. (NASDAQ:CXAIW) Stock Short Interest Jumps 102.4%

CXApp Inc. (NASDAQ:CXAIW) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 31,812 shares, an increase of 102.4% from the September 30th total of 15,721 shares. Based on an average daily volume of 17,546 shares, the days-to-cover ratio is currently 1.8 days.

CXApp Price Performance

Shares of CXAIW traded down $0.00 during mid-day trading on Friday, hitting $0.03. The company had a trading volume of 2,070 shares, compared to its average volume of 54,777. CXApp has a 1-year low of $0.02 and a 1-year high of $0.10. The business’s 50-day simple moving average is $0.03 and its 200-day simple moving average is $0.04.

CXApp Company Profile

CXApp Inc develops workplace experience technology designed to help organizations connect employees, manage physical workplaces and improve day-to-day office operations. Its platform combines mobile applications, workplace communications and location-aware tools in a single enterprise environment.

The company’s products and services include employee engagement features, indoor navigation, desk and room booking, visitor management, event and workplace services, and workplace analytics. CXApp’s software is intended to support hybrid-work programs by helping employees find resources, reserve shared spaces, receive company information and interact with workplace services.

CXApp became a publicly traded company in 2023 through a business combination with KINS Technology Group Inc and the contribution of Inpixon’s enterprise applications business.