Short Interest in CXApp Inc. (NASDAQ:CXAI) Decreases By 29.7%

CXApp Inc. (NASDAQ:CXAI) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 709,700 shares, a decrease of 29.7% from the April 30th total of 1,010,000 shares. Based on an average trading volume of 2,280,000 shares, the short-interest ratio is presently 0.3 days. Currently, 4.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in CXApp by 59,992.5% in the third quarter. JPMorgan Chase & Co. now owns 31,849 shares of the company’s stock valued at $54,000 after purchasing an additional 31,796 shares during the period. XTX Topco Ltd acquired a new stake in CXApp in the fourth quarter valued at $42,000. Two Sigma Securities LLC increased its holdings in CXApp by 120.6% in the fourth quarter. Two Sigma Securities LLC now owns 27,554 shares of the company’s stock valued at $50,000 after purchasing an additional 15,064 shares during the period. Finally, Geode Capital Management LLC increased its holdings in CXApp by 11.8% in the fourth quarter. Geode Capital Management LLC now owns 137,913 shares of the company’s stock valued at $251,000 after purchasing an additional 14,601 shares during the period. 14.41% of the stock is currently owned by institutional investors.

CXApp Price Performance

Shares of CXAI traded down $0.03 during trading hours on Friday, reaching $1.00. The stock had a trading volume of 382,563 shares, compared to its average volume of 1,975,271. CXApp has a 12 month low of $0.76 and a 12 month high of $3.76. The stock has a market capitalization of $19.82 million, a PE ratio of -1.04 and a beta of 1.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.45. The company’s 50-day moving average is $1.07 and its two-hundred day moving average is $1.38.

CXApp (NASDAQ:CXAI) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. CXApp had a negative return on equity of 281.11% and a negative net margin of 751.90%. The company had revenue of $1.70 million during the quarter, compared to analysts’ expectations of $1.70 million.

About CXApp

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.