CXApp Inc. (NASDAQ:CXAI – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,440,089 shares, an increase of 103.8% from the July 15th total of 2,669,536 shares. Based on an average daily trading volume, of 4,243,610 shares, the short-interest ratio is currently 1.3 days. Approximately 8.0% of the shares of the stock are short sold.
CXApp Stock Performance
Shares of CXAI stock opened at $0.11 on Monday. The company has a market cap of $7.75 million, a PE ratio of -0.21 and a beta of 0.97. CXApp has a 1 year low of $0.09 and a 1 year high of $1.04. The stock’s 50 day simple moving average is $0.17 and its two-hundred day simple moving average is $0.19. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.29 and a quick ratio of 2.28.
Shares of CXApp are set to reverse split before the market opens on Tuesday, August 18th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 17th.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
View Our Latest Research Report on CXApp
Institutional Trading of CXApp
Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of CXApp by 242.3% during the first quarter. Renaissance Technologies LLC now owns 371,754 shares of the company’s stock valued at $67,000 after purchasing an additional 263,154 shares during the period. Virtu Financial LLC bought a new stake in CXApp during the 4th quarter valued at about $46,000. DRW Securities LLC purchased a new stake in CXApp in the 4th quarter valued at about $44,000. Geode Capital Management LLC grew its stake in CXApp by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after acquiring an additional 50,310 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of CXApp during the second quarter worth approximately $41,000. Institutional investors own 14.41% of the company’s stock.
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.
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