CXApp Inc. (NASDAQ:CXAI) Short Interest Update

CXApp Inc. (NASDAQ:CXAI) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 245,712 shares, a drop of 96.6% from the August 15th total of 7,205,536 shares. Based on an average daily volume of 496,945 shares, the days-to-cover ratio is currently 0.5 days. Approximately 10.9% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CXAI. Weiss Ratings restated a “sell (e+)” rating on shares of CXApp in a report on Friday, July 17th. Wall Street Zen upgraded shares of CXApp to a “hold” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On CXApp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in CXApp during the 2nd quarter valued at approximately $41,000. Geode Capital Management LLC boosted its stake in shares of CXApp by 32.0% in the 4th 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 during the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 56,911 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of CXApp during the fourth quarter worth $44,000. Finally, Virtu Financial LLC acquired a new stake in shares of CXApp during the fourth quarter worth $46,000. 14.41% of the stock is owned by institutional investors and hedge funds.

CXApp Trading Up 2.4%

Shares of CXApp stock traded up $0.07 during trading on Friday, hitting $3.02. The company’s stock had a trading volume of 22,377 shares, compared to its average volume of 300,919. The stock has a market cap of $7.07 million, a price-to-earnings ratio of -0.12 and a beta of 0.92. CXApp has a 52 week low of $2.89 and a 52 week high of $51.99. The stock has a 50-day moving average price of $5.80 and a two-hundred day moving average price of $8.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.64 and a quick ratio of 1.64.

CXApp (NASDAQ:CXAI) last announced its earnings results on Friday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.00) by $2.90. CXApp had a negative return on equity of 135.04% and a negative net margin of 446.46%.The business had revenue of $1.69 million during the quarter, compared to analyst estimates of $1.15 million.

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.