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

CXApp Inc. (NASDAQ:CXAI) saw a significant decline in short interest in 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. Based on an average daily volume of 33,187,017 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On CXApp

Several large investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in CXApp in the 2nd quarter worth about $41,000. Geode Capital Management LLC boosted its position in CXApp by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after purchasing an additional 50,310 shares during the last quarter. Renaissance Technologies LLC boosted its position in CXApp by 110.1% in 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 during the last quarter. DRW Securities LLC purchased a new position in CXApp in the fourth quarter worth about $44,000. Finally, Virtu Financial LLC purchased a new position in CXApp in the fourth quarter worth about $46,000. 14.41% of the stock is currently owned by institutional investors.

CXApp Price Performance

NASDAQ CXAI opened at $0.22 on Wednesday. CXApp has a one year low of $0.13 and a one year high of $1.15. The stock has a 50-day moving average of $0.18 and a 200 day moving average of $0.25. The company has a market capitalization of $15.33 million, a price-to-earnings ratio of -0.38 and a beta of 0.90. 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 (NASDAQ:CXAI) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.09) EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $0.90 million.

Analysts Set New Price Targets

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