CXApp Inc. (NASDAQ:CXAI) Short Interest Update

CXApp Inc. (NASDAQ:CXAI) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 6,528,585 shares, a growth of 71.5% from the April 30th total of 3,807,167 shares. Based on an average trading volume of 4,226,768 shares, the days-to-cover ratio is presently 1.5 days. Approximately 11.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On CXApp

Large investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in shares of CXApp in the second quarter valued at approximately $41,000. Renaissance Technologies LLC grew its position in shares of CXApp by 110.1% in 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 in the last quarter. DRW Securities LLC purchased a new stake in shares of CXApp in the fourth quarter valued at approximately $44,000. Virtu Financial LLC purchased a new position in CXApp in the fourth quarter worth approximately $46,000. Finally, Geode Capital Management LLC grew its position in CXApp by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after acquiring an additional 50,310 shares during the period. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CXApp in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

CXApp Price Performance

CXAI stock opened at $0.20 on Wednesday. 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 business has a 50 day simple moving average of $0.18 and a 200-day simple moving average of $0.27. The firm has a market capitalization of $14.23 million, a PE ratio of -0.35 and a beta of 0.90. CXApp has a 1 year low of $0.13 and a 1 year high of $1.15.

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

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.