CXApp Inc. (NASDAQ:CXAI) Short Interest Update

CXApp Inc. (NASDAQ:CXAI) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 912,700 shares, a decrease of 63.0% from the August 15th total of 2,470,000 shares. Approximately 7.5% of the shares of the company are sold short. Based on an average trading volume of 3,660,000 shares, the days-to-cover ratio is currently 0.2 days.

Insider Buying and Selling at CXApp

In related news, Director Di-Ann Eisnor sold 15,000 shares of CXApp stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $3.38, for a total transaction of $50,700.00. Following the completion of the sale, the director now directly owns 64,120 shares of the company’s stock, valued at approximately $216,725.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 89.10% of the company’s stock.

CXApp Price Performance

Shares of NASDAQ CXAI traded up $0.04 during mid-day trading on Friday, reaching $1.92. The company had a trading volume of 249,044 shares, compared to its average volume of 4,935,046. The business’s 50-day simple moving average is $2.16 and its 200 day simple moving average is $2.71. CXApp has a one year low of $1.03 and a one year high of $7.07. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.15.

CXApp (NASDAQ:CXAI) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.34) earnings per share (EPS) for the quarter. CXApp had a negative net margin of 674.28% and a negative return on equity of 167.12%. The firm had revenue of $1.77 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.