CXApp Inc. (NASDAQ:CXAI) Sees Significant Decline in Short Interest

CXApp Inc. (NASDAQ:CXAI) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 156,249 shares, a decrease of 35.6% from the September 15th total of 242,776 shares. Based on an average trading volume of 66,760 shares, the short-interest ratio is presently 2.3 days. Currently, 6.9% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen lowered CXApp from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a report on Thursday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of CXApp

A hedge fund recently raised its position in CXApp stock. Renaissance Technologies LLC increased its holdings in CXApp Inc. (NASDAQ:CXAI) by 242.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 371,754 shares of the company’s stock after purchasing an additional 263,154 shares during the quarter. Renaissance Technologies LLC owned 0.65% of CXApp worth $67,000 as of its most recent filing with the Securities & Exchange Commission. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

CXApp Stock Performance

CXAI traded down $0.02 during trading hours on Friday, hitting $1.92. The stock had a trading volume of 30,490 shares, compared to its average volume of 104,799. The company’s fifty day simple moving average is $3.39 and its 200 day simple moving average is $6.79. The stock has a market cap of $4.49 million, a PE ratio of -0.07 and a beta of 0.97. CXApp has a 1 year low of $1.75 and a 1 year high of $41.00. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.56.

CXApp (NASDAQ:CXAI) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.15 million.

CXApp Company Profile

CXApp Inc (NASDAQ: CXAI) develops an employee experience and workplace management platform designed to help organizations support hybrid and in-office work. Its cloud-based software brings workplace information, services and communications together in a centralized digital environment accessible through mobile and web applications.

The CXApp platform offers tools for employee engagement, workplace communications, office and desk booking, meeting-room scheduling, event management, indoor navigation and wayfinding, and workplace analytics.