Short Interest in CXApp Inc. (NASDAQ:CXAIW) Drops By 61.4%

CXApp Inc. (NASDAQ:CXAIW) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 17,900 shares, a decline of 61.4% from the February 29th total of 46,400 shares. Based on an average daily volume of 100,300 shares, the days-to-cover ratio is currently 0.2 days.

CXApp Price Performance

Shares of CXAIW stock traded up $0.01 during mid-day trading on Thursday, hitting $0.15. The company had a trading volume of 615,875 shares, compared to its average volume of 130,228. CXApp has a 52-week low of $0.02 and a 52-week high of $0.57. The stock’s 50 day moving average price is $0.13 and its 200-day moving average price is $0.11.

Institutional Investors Weigh In On CXApp

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in CXApp by 117.6% during the second quarter. BlackRock Inc. now owns 2,176,471 shares of the company’s stock valued at $1,175,000 after acquiring an additional 1,176,472 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of CXApp in the second quarter worth about $580,000. Walleye Capital LLC grew its holdings in shares of CXApp by 928.9% in the second quarter. Walleye Capital LLC now owns 639,255 shares of the company’s stock worth $345,000 after purchasing an additional 577,124 shares during the last quarter. Walleye Trading LLC grew its holdings in shares of CXApp by 796.7% in the second quarter. Walleye Trading LLC now owns 358,695 shares of the company’s stock worth $194,000 after purchasing an additional 318,695 shares during the last quarter. Finally, Shaolin Capital Management LLC bought a new position in shares of CXApp in the first quarter worth about $31,000.

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.