Short Interest in CXApp Inc. (NASDAQ:CXAI) Declines By 36.1%

CXApp Inc. (NASDAQ:CXAI) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 3,637,155 shares, a decline of 36.1% from the June 15th total of 5,688,270 shares. Based on an average trading volume of 10,886,380 shares, the short-interest ratio is presently 0.3 days. Currently, 5.4% of the company’s stock are sold short.

Institutional Investors Weigh In On CXApp

Several hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in CXApp during the second quarter worth $41,000. Geode Capital Management LLC raised its position in shares of 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 during the period. Renaissance Technologies LLC raised its position in shares of 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 during the period. DRW Securities LLC acquired a new stake in shares of CXApp during the 4th quarter worth about $44,000. Finally, Virtu Financial LLC acquired a new stake in shares of CXApp during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 14.41% of the company’s stock.

CXApp Stock Performance

NASDAQ CXAI traded down $0.01 during trading on Friday, reaching $0.13. 4,509,863 shares of the company’s stock were exchanged, compared to its average volume of 15,882,180. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.29 and a quick ratio of 2.28. The business has a 50 day moving average price of $0.19 and a 200-day moving average price of $0.21. The stock has a market capitalization of $9.04 million, a P/E ratio of -0.22 and a beta of 0.93. CXApp has a fifty-two week low of $0.13 and a fifty-two week high of $1.15.

CXApp (NASDAQ:CXAI) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $0.90 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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 data from MarketBeat, CXApp presently has an average rating of “Sell”.

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.