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

CXApp Inc. (NASDAQ:CXAI) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 1,050,000 shares, a decrease of 7.1% from the December 15th total of 1,130,000 shares. Approximately 7.3% of the shares of the stock are short sold. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On CXApp

A hedge fund recently raised its stake in CXApp stock. JPMorgan Chase & Co. boosted its holdings in CXApp Inc. (NASDAQ:CXAI) by 59,992.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,849 shares of the company’s stock after buying an additional 31,796 shares during the period. JPMorgan Chase & Co. owned approximately 0.19% of CXApp worth $54,000 as of its most recent SEC filing. Institutional investors and hedge funds own 14.41% of the company’s stock.

CXApp Price Performance

Shares of CXAI stock traded down $0.10 during trading hours on Monday, reaching $1.79. 485,294 shares of the company were exchanged, compared to its average volume of 1,368,555. CXApp has a fifty-two week low of $1.03 and a fifty-two week high of $7.07. The stock’s fifty day moving average is $1.73 and its two-hundred day moving average is $1.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45.

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

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.