Short Interest in CXApp Inc. (NASDAQ:CXAI) Drops By 38.6%

CXApp Inc. (NASDAQ:CXAI) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 4,007,380 shares, a drop of 38.6% from the May 14th total of 6,528,585 shares. Based on an average daily trading volume, of 33,187,017 shares, the short-interest ratio is currently 0.1 days. Approximately 5.9% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

CXApp Stock Performance

CXAI stock opened at $0.20 on Monday. The company has a market cap of $13.95 million, a P/E ratio of -0.34 and a beta of 0.90. CXApp has a 1 year low of $0.13 and a 1 year high of $1.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.29 and a quick ratio of 2.28. The stock’s fifty day moving average price is $0.18 and its 200-day moving average price is $0.25.

CXApp (NASDAQ:CXAI) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The firm had revenue of $0.95 million for 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 have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in CXApp during the second quarter valued at about $41,000. Renaissance Technologies LLC grew its holdings in 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 purchasing an additional 56,911 shares during the period. DRW Securities LLC bought a new stake in CXApp during the fourth quarter valued at about $44,000. Virtu Financial LLC bought a new stake in CXApp during the fourth quarter valued at about $46,000. Finally, Geode Capital Management LLC grew its holdings in CXApp by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after purchasing an additional 50,310 shares during the period. Institutional investors own 14.41% of the company’s stock.

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.