CXApp Inc. (NASDAQ:CXAI) Short Interest Down 38.6% in May

CXApp Inc. (NASDAQ:CXAI) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,007,380 shares, a decline of 38.6% from the May 14th total of 6,528,585 shares. Currently, 5.9% of the company’s stock are short sold. Based on an average daily trading volume, of 33,187,017 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CXApp in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, CXApp has a consensus rating of “Sell”.

CXApp Stock Performance

Shares of CXApp stock traded up $0.01 during trading on Tuesday, hitting $0.22. 7,830,196 shares of the company’s stock traded hands, compared to its average volume of 17,442,240. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.29 and a quick ratio of 2.28. CXApp has a 1 year low of $0.13 and a 1 year high of $1.15. The stock has a market capitalization of $15.33 million, a P/E ratio of -0.38 and a beta of 0.90. The business has a 50-day simple moving average of $0.18 and a 200-day simple moving average of $0.25.

CXApp (NASDAQ:CXAI) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. CXApp had a negative return on equity of 106.67% and a negative net margin of 368.07%.The company had revenue of $0.95 million for the quarter, compared to analysts’ expectations of $0.90 million.

Institutional Trading of CXApp

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in CXApp by 242.3% in the first quarter. Renaissance Technologies LLC now owns 371,754 shares of the company’s stock valued at $67,000 after acquiring an additional 263,154 shares during the period. Virtu Financial LLC bought a new position in CXApp in the fourth quarter valued at about $46,000. DRW Securities LLC bought a new position in CXApp in the fourth quarter valued at about $44,000. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 50,310 shares during the period. Finally, XTX Topco Ltd bought a new position in CXApp in the second quarter valued at about $41,000. Hedge funds and other institutional investors own 14.41% of the company’s stock.

About CXApp

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.