CXApp Inc. (NASDAQ:CXAIW) Sees Large Increase in Short Interest

CXApp Inc. (NASDAQ:CXAIW) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 31,812 shares, a growth of 102.4% from the September 30th total of 15,721 shares. Based on an average daily volume of 17,546 shares, the short-interest ratio is currently 1.8 days.

CXApp Stock Down 14.8%

CXApp stock traded down $0.00 during midday trading on Friday, reaching $0.03. 2,070 shares of the company traded hands, compared to its average volume of 54,777. The business has a 50 day moving average of $0.03 and a two-hundred day moving average of $0.04. CXApp has a 12 month low of $0.02 and a 12 month high of $0.10.

CXApp Company Profile

CXApp Inc develops workplace experience technology designed to help organizations connect employees, manage physical workplaces and improve day-to-day office operations. Its platform combines mobile applications, workplace communications and location-aware tools in a single enterprise environment.

The company’s products and services include employee engagement features, indoor navigation, desk and room booking, visitor management, event and workplace services, and workplace analytics. CXApp’s software is intended to support hybrid-work programs by helping employees find resources, reserve shared spaces, receive company information and interact with workplace services.

CXApp became a publicly traded company in 2023 through a business combination with KINS Technology Group Inc and the contribution of Inpixon’s enterprise applications business.