Short Interest in CXApp Inc. (NASDAQ:CXAI) Drops By 7.1%

CXApp Inc. (NASDAQ:CXAI) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,050,000 shares, a decline of 7.1% from the December 15th total of 1,130,000 shares. Based on an average daily volume of 1,160,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 7.3% of the shares of the company are sold short.

Institutional Trading of CXApp

An institutional investor recently raised its position in CXApp stock. JPMorgan Chase & Co. lifted its stake in shares of CXApp Inc. (NASDAQ:CXAI) by 59,992.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,849 shares of the company’s stock after purchasing an additional 31,796 shares during the period. JPMorgan Chase & Co. owned approximately 0.19% of CXApp worth $54,000 at the end of the most recent reporting period. Institutional investors own 14.41% of the company’s stock.

CXApp Stock Down 5.3 %

NASDAQ CXAI traded down $0.10 on Monday, reaching $1.79. The company’s stock had a trading volume of 485,294 shares, compared to its average volume of 1,368,555. The business has a 50-day moving average price of $1.73 and a 200 day moving average price of $1.84. CXApp has a 52 week low of $1.03 and a 52 week high of $7.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.45.

CXApp (NASDAQ:CXAI) last posted its earnings results on Tuesday, November 12th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.08). The business had revenue of $1.90 million during the quarter. CXApp had a negative net margin of 751.90% and a negative return on equity of 281.11%.

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.