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

CXApp Inc. (NASDAQ:CXAI) saw a large decline in short interest in 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 trading volume, of 1,160,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 7.3% of the shares of the stock are sold short.

CXApp Price Performance

CXApp stock traded down $0.10 during mid-day trading on Friday, hitting $1.79. The stock had a trading volume of 485,294 shares, compared to its average volume of 1,368,555. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $1.73 and its 200 day moving average is $1.85. CXApp has a one year low of $1.03 and a one year high of $7.07.

CXApp (NASDAQ:CXAI) last posted its quarterly earnings results 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 return on equity of 281.11% and a negative net margin of 751.90%. The business had revenue of $1.90 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CXApp stock. JPMorgan Chase & Co. grew its position in shares of CXApp Inc. (NASDAQ:CXAI) by 59,992.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 31,849 shares of the company’s stock after acquiring an additional 31,796 shares during the quarter. JPMorgan Chase & Co. owned about 0.19% of CXApp worth $54,000 at the end of the most recent reporting period. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

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.