CXApp Inc. (NASDAQ:CXAI) Short Interest Down 20.6% in March

CXApp Inc. (NASDAQ:CXAI) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 2,525,283 shares, a drop of 20.6% from the March 15th total of 3,181,907 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,227,786 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in CXApp in the second quarter valued at approximately $41,000. Geode Capital Management LLC raised its stake in CXApp by 32.0% in the fourth 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 in the last quarter. Virtu Financial LLC purchased a new stake in CXApp in the fourth quarter valued at approximately $46,000. DRW Securities LLC purchased a new stake in CXApp in the fourth quarter valued at approximately $44,000. Finally, Renaissance Technologies LLC raised its stake in CXApp by 110.1% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 14.41% of the company’s stock.

CXApp Stock Performance

Shares of NASDAQ:CXAI traded down $0.01 on Thursday, hitting $0.18. 3,374,493 shares of the company were exchanged, compared to its average volume of 9,891,943. The company’s 50 day moving average price is $0.21 and its two-hundred day moving average price is $0.40. CXApp has a one year low of $0.14 and a one year high of $1.45. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market capitalization of $10.28 million, a price-to-earnings ratio of -0.32 and a beta of 0.99.

CXApp (NASDAQ:CXAI) last released its quarterly earnings results on Monday, March 30th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). CXApp had a negative net margin of 294.00% and a negative return on equity of 91.16%. The firm had revenue of $1.02 million during the quarter, compared to analyst estimates of $1.10 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CXApp in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.