CXApp Inc. (NASDAQ:CXAI) Short Interest Down 96.6% in August

CXApp Inc. (NASDAQ:CXAI) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 245,712 shares, a decrease of 96.6% from the August 15th total of 7,205,536 shares. Based on an average daily volume of 496,945 shares, the short-interest ratio is presently 0.5 days. Currently, 10.9% of the company’s stock are short sold.

CXApp Stock Performance

Shares of CXAI traded down $0.11 during mid-day trading on Friday, reaching $2.84. The company’s stock had a trading volume of 81,799 shares, compared to its average volume of 377,784. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.56. CXApp has a 1-year low of $2.81 and a 1-year high of $51.99. The business has a 50-day simple moving average of $5.69 and a two-hundred day simple moving average of $8.31. The stock has a market cap of $6.65 million, a P/E ratio of -0.11 and a beta of 0.92.

CXApp (NASDAQ:CXAI) last posted its earnings results on Friday, August 14th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.00) by $2.90. CXApp had a negative return on equity of 135.04% and a negative net margin of 446.46%.The business had revenue of $1.69 million for the quarter, compared to analyst estimates of $1.15 million.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research report on Friday, July 17th. Wall Street Zen cut shares of CXApp from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of CXApp

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in shares of CXApp by 242.3% during the 1st quarter. Renaissance Technologies LLC now owns 371,754 shares of the company’s stock worth $67,000 after buying an additional 263,154 shares during the period. Virtu Financial LLC bought a new position in shares of CXApp during the fourth quarter worth approximately $46,000. DRW Securities LLC acquired a new stake in CXApp during the 4th quarter worth approximately $44,000. Geode Capital Management LLC boosted its stake in CXApp by 32.0% in the 4th 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. Finally, XTX Topco Ltd bought a new stake in CXApp in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 14.41% of the company’s stock.

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.