CXApp Inc. (NASDAQ:CXAI) Stock Short Interest Report for September

CXApp Inc. (NASDAQ:CXAI) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 156,249 shares, a decrease of 35.6% from the September 15th total of 242,776 shares. Approximately 6.9% of the company’s stock are sold short. Based on an average daily volume of 66,760 shares, the short-interest ratio is currently 2.3 days.

CXApp Trading Up 3.7%

NASDAQ:CXAI opened at $1.94 on Friday. CXApp has a twelve month low of $1.75 and a twelve month high of $42.00. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $3.51 and a two-hundred day moving average price of $6.83. The company has a market cap of $4.54 million, a P/E ratio of -0.07 and a beta of 0.97.

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

Analyst Ratings Changes

Several analysts have issued reports on CXAI shares. Wall Street Zen downgraded CXApp from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in CXApp stock. Renaissance Technologies LLC grew its holdings in shares of CXApp Inc. (NASDAQ:CXAI) by 242.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,754 shares of the company’s stock after buying an additional 263,154 shares during the quarter. Renaissance Technologies LLC owned approximately 0.65% of CXApp worth $67,000 at the end of the most recent reporting period. 14.41% of the stock is owned by hedge funds and other institutional investors.

CXApp Company Profile

CXApp Inc (NASDAQ: CXAI) develops an employee experience and workplace management platform designed to help organizations support hybrid and in-office work. Its cloud-based software brings workplace information, services and communications together in a centralized digital environment accessible through mobile and web applications.

The CXApp platform offers tools for employee engagement, workplace communications, office and desk booking, meeting-room scheduling, event management, indoor navigation and wayfinding, and workplace analytics.