CXApp Inc. (NASDAQ:CXAI) Short Interest Update

CXApp Inc. (NASDAQ:CXAI) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,000,000 shares, a decline of 30.1% from the February 13th total of 1,430,000 shares. Currently, 6.7% of the company’s shares are short sold. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is presently 0.8 days.

CXApp Stock Down 5.0 %

Shares of NASDAQ:CXAI traded down $0.05 during midday trading on Tuesday, reaching $0.98. The company’s stock had a trading volume of 79,144 shares, compared to its average volume of 3,066,349. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $1.48 and a two-hundred day moving average price of $1.61. CXApp has a fifty-two week low of $0.88 and a fifty-two week high of $7.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of CXApp in the 4th quarter valued at about $42,000. Two Sigma Securities LLC raised its stake in CXApp by 120.6% during the 4th quarter. Two Sigma Securities LLC now owns 27,554 shares of the company’s stock worth $50,000 after buying an additional 15,064 shares during the period. JPMorgan Chase & Co. raised its stake in CXApp by 59,992.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,849 shares of the company’s stock worth $54,000 after buying an additional 31,796 shares during the period. Finally, Geode Capital Management LLC raised its stake in CXApp by 11.8% during the 4th quarter. Geode Capital Management LLC now owns 137,913 shares of the company’s stock worth $251,000 after buying an additional 14,601 shares during the period. 14.41% of the stock is owned by institutional investors and hedge funds.

About CXApp

CXApp Inc provides a workplace experience platform for enterprise customers. It offers CXApp, a software-as-a-service platform with native mapping, analytics, on-device positioning, and applications technologies for use in various applications, such as workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, wayfinding, and navigation.