CXApp Inc. (NASDAQ:CXAI) Sees Significant Growth in Short Interest

CXApp Inc. (NASDAQ:CXAI) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 3,181,907 shares, a growth of 146.5% from the February 26th total of 1,290,798 shares. Based on an average daily trading volume, of 30,014,238 shares, the short-interest ratio is presently 0.1 days. Currently, 12.5% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CXApp in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

CXApp Stock Down 5.6%

CXAI stock opened at $0.25 on Thursday. The stock has a 50-day simple moving average of $0.24 and a two-hundred day simple moving average of $0.46. CXApp has a twelve month low of $0.16 and a twelve month high of $1.49. The firm has a market capitalization of $7.02 million, a PE ratio of -0.42 and a beta of 0.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On CXApp

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in shares of CXApp by 110.1% in the 4th quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock worth $36,000 after buying an additional 56,911 shares during the last quarter. XTX Topco Ltd purchased a new position in CXApp in the second quarter worth $41,000. DRW Securities LLC purchased a new position in CXApp in the fourth quarter worth $44,000. Virtu Financial LLC bought a new position in CXApp in the fourth quarter valued at $46,000. Finally, Geode Capital Management LLC raised its position in CXApp by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after purchasing an additional 50,310 shares in the last quarter. Hedge funds and other institutional investors own 14.41% of the company’s stock.

About CXApp

CXApp Holdings, Inc develops and delivers workplace experience software designed to help enterprises manage hybrid work environments and improve employee engagement. Its flagship platform provides a mobile-first digital workplace companion that integrates space management, wayfinding, service requests, and communications. By combining Internet of Things (IoT) connectivity and data-driven insights, the platform enables organizations to optimize real estate, enhance operational efficiency, and support health and safety protocols.

The CXApp platform offers a suite of features tailored to employees, visitors, and facilities teams.