Short Interest in CXApp Inc. (NASDAQ:CXAI) Grows By 71.5%

CXApp Inc. (NASDAQ:CXAI) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 6,528,585 shares, an increase of 71.5% from the April 30th total of 3,807,167 shares. Approximately 11.8% of the shares of the stock are sold short. Based on an average daily volume of 4,226,768 shares, the days-to-cover ratio is presently 1.5 days.

CXApp Trading Down 21.6%

NASDAQ:CXAI opened at $0.16 on Thursday. The firm’s fifty day moving average is $0.18 and its 200-day moving average is $0.26. 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 52 week low of $0.13 and a 52 week high of $1.15. The firm has a market cap of $11.16 million, a P/E ratio of -0.27 and a beta of 0.90.

CXApp (NASDAQ:CXAI) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.09) EPS for the quarter, beating 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 company had revenue of $0.95 million for the quarter, compared to analyst estimates of $0.90 million.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in CXApp by 110.1% during the fourth quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock worth $36,000 after buying an additional 56,911 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 last quarter. Virtu Financial LLC acquired a new position in CXApp during the fourth quarter worth $46,000. DRW Securities LLC acquired a new position in CXApp during the fourth quarter worth $44,000. Finally, XTX Topco Ltd acquired a new position in CXApp during the second quarter worth $41,000. Institutional investors and hedge funds 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.