CXApp Inc. (NASDAQ:CXAI) Short Interest Up 136.8% in November

CXApp Inc. (NASDAQ:CXAI) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,100,000 shares, an increase of 136.8% from the October 31st total of 464,600 shares. Based on an average trading volume of 394,600 shares, the short-interest ratio is currently 2.8 days. Currently, 8.7% of the shares of the company are sold short.

CXApp Stock Up 5.0 %

Shares of CXAI stock traded up $0.08 on Friday, hitting $1.67. 498,927 shares of the stock were exchanged, compared to its average volume of 3,874,969. The firm’s 50 day moving average is $1.54 and its two-hundred day moving average is $2.04. CXApp has a one year low of $1.03 and a one year high of $7.07. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.25.

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