Short Interest in CXApp Inc. (NASDAQ:CXAI) Declines By 40.0%

CXApp Inc. (NASDAQ:CXAI) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,290,798 shares, a drop of 40.0% from the February 12th total of 2,149,875 shares. Based on an average trading volume of 1,613,928 shares, the short-interest ratio is currently 0.8 days. Approximately 5.1% of the shares of the stock are sold short. Approximately 5.1% of the shares of the stock are sold short. Based on an average trading volume of 1,613,928 shares, the short-interest ratio is currently 0.8 days.

CXApp Price Performance

NASDAQ:CXAI traded up $0.03 during mid-day trading on Friday, hitting $0.25. 150,162,608 shares of the company’s stock traded hands, compared to its average volume of 10,664,027. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50 day simple moving average is $0.25 and its 200 day simple moving average is $0.49. CXApp has a 1 year low of $0.16 and a 1 year high of $1.49. The company has a market cap of $7.25 million, a PE ratio of -0.43 and a beta of 0.95.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On CXApp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in CXApp by 32.0% during the fourth 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 during the period. Virtu Financial LLC acquired a new position in shares of CXApp during the 4th quarter valued at about $46,000. DRW Securities LLC acquired a new position in shares of CXApp during the 4th quarter valued at about $44,000. Renaissance Technologies LLC lifted its holdings in shares of CXApp by 110.1% during the 4th 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 period. Finally, XTX Topco Ltd purchased a new position in shares of CXApp during the 2nd quarter worth 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.