CXApp Inc. (NASDAQ:CXAI) Short Interest Down 40.0% in February

CXApp Inc. (NASDAQ:CXAI) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,290,798 shares, a drop of 40.0% from the February 12th total of 2,149,875 shares. Approximately 5.1% of the company’s shares are sold short. Based on an average daily volume of 1,613,928 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 1,613,928 shares, the short-interest ratio is currently 0.8 days. Approximately 5.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CXApp in a report on Wednesday, January 21st. One 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 Trading Up 15.2%

Shares of NASDAQ:CXAI traded up $0.03 during trading on Friday, reaching $0.25. 150,162,608 shares of the stock were exchanged, compared to its average volume of 10,664,027. The firm’s 50-day moving average price is $0.25 and its 200 day moving average price is $0.49. The firm has a market cap of $7.25 million, a price-to-earnings ratio of -0.43 and a beta of 0.95. CXApp has a 12-month low of $0.16 and a 12-month high of $1.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 0.89.

Hedge Funds Weigh In On CXApp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 50,310 shares in the last quarter. Virtu Financial LLC acquired a new stake in CXApp in the 4th quarter valued at $46,000. DRW Securities LLC purchased a new position in CXApp in the fourth quarter valued at about $44,000. Renaissance Technologies LLC lifted its stake in shares of CXApp by 110.1% during the fourth quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock worth $36,000 after purchasing an additional 56,911 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of CXApp in the second quarter worth about $41,000. Institutional investors and hedge funds 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.