Short Interest in CXApp Inc. (NASDAQ:CXAI) Rises By 103.8%

CXApp Inc. (NASDAQ:CXAI) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 5,440,089 shares, an increase of 103.8% from the July 15th total of 2,669,536 shares. Based on an average trading volume of 4,243,610 shares, the short-interest ratio is presently 1.3 days. Approximately 8.0% of the company’s shares are short sold.

CXApp Stock Down 37.1%

Shares of CXAI stock traded down $0.07 during trading hours on Friday, reaching $0.11. The company had a trading volume of 42,918,614 shares, compared to its average volume of 4,965,645. The company has a market capitalization of $7.75 million, a P/E ratio of -0.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.28 and a current ratio of 2.29. CXApp has a twelve month low of $0.09 and a twelve month high of $1.04. The stock’s fifty day simple moving average is $0.17 and its 200 day simple moving average is $0.19.

CXApp shares are set to reverse split before the market opens on Tuesday, August 18th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 17th.

CXApp (NASDAQ:CXAI) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). CXApp had a negative return on equity of 106.67% and a negative net margin of 368.07%.The company had revenue of $1.69 million during the quarter, compared to analysts’ expectations of $1.15 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Investors Weigh In On CXApp

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in CXApp by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after buying an additional 50,310 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of CXApp during the fourth quarter valued at about $46,000. DRW Securities LLC acquired a new stake in shares of CXApp during the fourth quarter valued at about $44,000. XTX Topco Ltd purchased a new stake in shares of CXApp during the second quarter worth about $41,000. Finally, Renaissance Technologies LLC increased its position 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 acquiring an additional 56,911 shares during the last quarter. 14.41% of the stock is owned by institutional investors and hedge funds.

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.