CXApp Inc. (NASDAQ:CXAI) Short Interest Down 36.1% in June

CXApp Inc. (NASDAQ:CXAI) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 3,637,155 shares, a drop of 36.1% from the June 15th total of 5,688,270 shares. Approximately 5.4% of the company’s shares are short sold. Based on an average daily volume of 10,886,380 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of CXApp

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in shares of CXApp by 110.1% in the 4th 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. XTX Topco Ltd acquired a new stake in CXApp during the second quarter worth approximately $41,000. DRW Securities LLC bought a new stake in CXApp in the fourth quarter worth approximately $44,000. Virtu Financial LLC acquired a new position in CXApp in the fourth quarter valued at approximately $46,000. Finally, Geode Capital Management LLC lifted its stake in 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 buying an additional 50,310 shares during the period. 14.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CXApp Stock Performance

NASDAQ:CXAI opened at $0.13 on Friday. 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 has a fifty-two week low of $0.13 and a fifty-two week high of $1.15. The company has a 50 day simple moving average of $0.19 and a two-hundred day simple moving average of $0.21. The company has a market capitalization of $9.36 million, a PE ratio of -0.23 and a beta of 0.93.

CXApp (NASDAQ:CXAI) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. CXApp had a negative net margin of 368.07% and a negative return on equity of 106.67%. The firm had revenue of $0.95 million for the quarter, compared to the consensus estimate of $0.90 million.

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.