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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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, the stock has a consensus rating of “Sell”.

CXApp Price Performance

Shares of CXApp stock opened at $0.20 on Monday. The company has a quick ratio of 2.28, a current ratio of 2.29 and a debt-to-equity ratio of 0.68. The company has a market cap of $13.95 million, a PE ratio of -0.34 and a beta of 0.90. The business has a 50 day moving average of $0.18 and a 200 day moving average of $0.25. CXApp has a 52 week low of $0.13 and a 52 week high of $1.15.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in CXApp during the 2nd quarter valued at approximately $41,000. Renaissance Technologies LLC increased its position in CXApp by 110.1% during 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. DRW Securities LLC bought a new position in CXApp during the 4th quarter valued at approximately $44,000. Virtu Financial LLC bought a new position in CXApp during the 4th quarter valued at approximately $46,000. Finally, Geode Capital Management LLC increased its position in CXApp by 32.0% during the 4th 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. 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.