CXApp Inc. (NASDAQ:CXAI) Short Interest Update

CXApp Inc. (NASDAQ:CXAI) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 1,050,000 shares, a decline of 7.1% from the December 15th total of 1,130,000 shares. Approximately 7.3% of the company’s stock are short sold. Based on an average trading volume of 1,160,000 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On CXApp

An institutional investor recently raised its position in CXApp stock. JPMorgan Chase & Co. increased its holdings in shares of CXApp Inc. (NASDAQ:CXAI) by 59,992.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,849 shares of the company’s stock after purchasing an additional 31,796 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.19% of CXApp worth $54,000 as of its most recent SEC filing. Institutional investors own 14.41% of the company’s stock.

CXApp Trading Down 5.3 %

NASDAQ CXAI traded down $0.10 on Friday, reaching $1.79. The company had a trading volume of 485,294 shares, compared to its average volume of 1,368,555. The company’s fifty day moving average is $1.73 and its 200-day moving average is $1.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45. CXApp has a 1-year low of $1.03 and a 1-year high of $7.07.

CXApp (NASDAQ:CXAI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.08). CXApp had a negative return on equity of 281.11% and a negative net margin of 751.90%. The firm had revenue of $1.90 million for the quarter.

CXApp Company Profile

CXApp Inc provides a workplace experience platform for enterprise customers. It offers CXApp, a software-as-a-service platform with native mapping, analytics, on-device positioning, and applications technologies for use in various applications, such as workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, wayfinding, and navigation.