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 February. As of February 28th, there was short interest totalling 1,000,000 shares, a decrease of 30.1% from the February 13th total of 1,430,000 shares. Based on an average trading volume of 1,290,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 6.7% of the shares of the company are sold short.

Institutional Trading of CXApp

A number of hedge funds have recently added to or reduced their stakes in CXAI. XTX Topco Ltd acquired a new position in shares of CXApp during the fourth quarter worth $42,000. Two Sigma Securities LLC increased its stake in CXApp by 120.6% in the fourth quarter. Two Sigma Securities LLC now owns 27,554 shares of the company’s stock valued at $50,000 after purchasing an additional 15,064 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of CXApp by 59,992.5% during the third quarter. JPMorgan Chase & Co. now owns 31,849 shares of the company’s stock worth $54,000 after acquiring an additional 31,796 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of CXApp by 11.8% during the fourth quarter. Geode Capital Management LLC now owns 137,913 shares of the company’s stock worth $251,000 after acquiring an additional 14,601 shares in the last quarter. Institutional investors and hedge funds own 14.41% of the company’s stock.

CXApp Stock Up 7.3 %

Shares of CXAI opened at $0.99 on Friday. CXApp has a 12 month low of $0.88 and a 12 month high of $7.07. The firm’s 50 day moving average is $1.51 and its 200-day moving average is $1.62. 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 Company Profile

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.