CXApp Inc. (NASDAQ:CXAI) Short Interest Down 20.6% in March

CXApp Inc. (NASDAQ:CXAI) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 2,525,283 shares, a drop of 20.6% from the March 15th total of 3,181,907 shares. Currently, 5.0% of the shares of the stock are short sold. Based on an average trading volume of 8,227,786 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On CXApp

A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in shares of CXApp by 110.1% during the 4th quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock valued at $36,000 after acquiring an additional 56,911 shares during the last quarter. XTX Topco Ltd bought a new position in shares of CXApp during the 2nd quarter valued at approximately $41,000. DRW Securities LLC bought a new position in shares of CXApp during the 4th quarter valued at approximately $44,000. Virtu Financial LLC bought a new position in shares of CXApp during the 4th quarter valued at approximately $46,000. Finally, Geode Capital Management LLC boosted its position in shares of CXApp by 32.0% during the 4th quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after acquiring an additional 50,310 shares during the last quarter. 14.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

CXApp Stock Performance

NASDAQ CXAI traded down $0.01 on Thursday, reaching $0.18. 3,374,493 shares of the stock were exchanged, compared to its average volume of 9,891,943. CXApp has a one year low of $0.14 and a one year high of $1.45. The firm has a market capitalization of $10.28 million, a PE ratio of -0.32 and a beta of 0.99. The company’s 50-day simple moving average is $0.21 and its two-hundred day simple moving average is $0.40. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.91.

CXApp (NASDAQ:CXAI) last released its earnings results on Monday, March 30th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). CXApp had a negative return on equity of 91.16% and a negative net margin of 294.00%.The firm had revenue of $1.02 million for the quarter, compared to the consensus estimate of $1.10 million.

CXApp Company Profile

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.