CXApp Inc. (NASDAQ:CXAI) Short Interest Down 36.1% in June

CXApp Inc. (NASDAQ:CXAI) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,637,155 shares, a decline of 36.1% from the June 15th total of 5,688,270 shares. Currently, 5.4% of the shares of the company are sold short. Based on an average daily volume of 10,886,380 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CXAI. Renaissance Technologies LLC grew its stake in CXApp by 110.1% in the 4th 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 in the last quarter. XTX Topco Ltd purchased a new stake in shares of CXApp during the second quarter worth $41,000. DRW Securities LLC bought a new position in shares of CXApp in the fourth quarter worth $44,000. Virtu Financial LLC bought a new position in shares of CXApp in the fourth quarter worth $46,000. Finally, Geode Capital Management LLC grew its position in shares of CXApp by 32.0% in 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 in the last quarter. 14.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CXApp in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, CXApp has an average rating of “Sell”.

CXApp Trading Down 3.9%

Shares of CXApp stock opened at $0.13 on Friday. CXApp has a 52-week low of $0.13 and a 52-week high of $1.15. The stock’s 50-day simple moving average is $0.19 and its 200 day simple moving average is $0.21. The stock has a market capitalization of $9.36 million, a P/E ratio of -0.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.28 and a current ratio of 2.29.

CXApp (NASDAQ:CXAI) last issued its earnings results on Wednesday, May 13th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The firm had revenue of $0.95 million during the quarter, compared to analyst estimates of $0.90 million. CXApp had a negative net margin of 368.07% and a negative return on equity of 106.67%.

About CXApp

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.