CXApp Inc. (NASDAQ:CXAI) Stock Short Interest Report for October

CXApp Inc. (NASDAQ:CXAI) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 293,777 shares, a growth of 88.0% from the September 30th total of 156,249 shares. Based on an average daily volume of 137,512 shares, the short-interest ratio is currently 2.1 days. Approximately 13.0% of the company’s shares are short sold.

CXApp Stock Up 1.5%

Shares of CXAI opened at $1.35 on Tuesday. The business has a fifty day moving average of $2.50 and a 200 day moving average of $7.75. CXApp has a 52-week low of $1.26 and a 52-week high of $37.00. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.56. The company has a market cap of $3.16 million, a PE ratio of -0.05 and a beta of 0.97.

CXApp (NASDAQ:CXAI) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($3.00) by $2.90. The firm had revenue of $1.69 million for the quarter, compared to analyst estimates of $1.15 million. CXApp had a negative return on equity of 135.04% and a negative net margin of 446.46%.

Institutional Investors Weigh In On CXApp

An institutional investor recently raised its stake in CXApp stock. Renaissance Technologies LLC raised its stake in CXApp Inc. (NASDAQ:CXAI) by 242.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,754 shares of the company’s stock after purchasing an additional 263,154 shares during the period. Renaissance Technologies LLC owned about 0.65% of CXApp worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 14.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CXAI shares. Wall Street Zen lowered CXApp from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of CXApp in a research note on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

CXApp Company Profile

CXApp Inc (NASDAQ: CXAI) provides an enterprise workplace experience platform designed to help organizations connect employees with people, information and physical workspaces. Its software supports employee communications, workplace engagement and collaboration through branded mobile and digital experiences.

The CXApp platform includes features such as workplace navigation and wayfinding, desk and room booking, event and community engagement, internal communications, service requests and workplace analytics.