CXApp Inc. (NASDAQ:CXAI) Short Interest Update

CXApp Inc. (NASDAQ:CXAI) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 5,440,089 shares, an increase of 103.8% from the July 15th total of 2,669,536 shares. Approximately 8.0% of the company’s shares are sold short. Based on an average daily volume of 4,243,610 shares, the short-interest ratio is currently 1.3 days.

CXApp Trading Down 37.1%

Shares of CXAI traded down $0.07 during mid-day trading on Friday, reaching $0.11. The company had a trading volume of 42,918,614 shares, compared to its average volume of 4,965,645. CXApp has a fifty-two week low of $0.09 and a fifty-two week high of $1.04. The firm has a fifty day simple moving average of $0.17 and a 200-day simple moving average of $0.19. The stock has a market cap of $7.75 million, a price-to-earnings ratio of -0.19 and a beta of 0.97. The company has a current ratio of 2.29, a quick ratio of 2.28 and a debt-to-equity ratio of 0.68.

CXApp’s stock is going to reverse split on Tuesday, August 18th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 17th.

CXApp (NASDAQ:CXAI) last issued its earnings results on Monday, August 10th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). CXApp had a negative return on equity of 106.67% and a negative net margin of 368.07%.The firm had revenue of $1.69 million during the quarter, compared to analysts’ expectations of $1.15 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CXApp in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On CXApp

A number of large investors have recently modified their holdings of CXAI. Renaissance Technologies LLC lifted its stake in shares of CXApp by 242.3% in the 1st quarter. Renaissance Technologies LLC now owns 371,754 shares of the company’s stock valued at $67,000 after purchasing an additional 263,154 shares in the last quarter. Virtu Financial LLC acquired a new stake in CXApp during the 4th quarter worth approximately $46,000. DRW Securities LLC purchased a new position in CXApp in the fourth quarter valued at approximately $44,000. Geode Capital Management LLC lifted its position 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 buying an additional 50,310 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in CXApp during the second quarter valued at approximately $41,000. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

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.