Short Interest in CXApp Inc. (NASDAQ:CXAI) Drops By 6.3%

CXApp Inc. (NASDAQ:CXAI) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 408,300 shares, a decline of 6.3% from the September 15th total of 435,800 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average daily trading volume, of 3,650,000 shares, the short-interest ratio is currently 0.1 days.

Insider Activity

In other news, Director Di-Ann Eisnor sold 15,000 shares of CXApp stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $3.38, for a total transaction of $50,700.00. Following the transaction, the director now directly owns 64,120 shares of the company’s stock, valued at $216,725.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 89.10% of the company’s stock.

CXApp Stock Performance

Shares of CXAI stock traded down $0.05 during trading hours on Thursday, reaching $1.56. 206,562 shares of the company traded hands, compared to its average volume of 4,375,552. CXApp has a 12-month low of $1.03 and a 12-month 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. The firm has a 50-day moving average price of $1.91 and a 200 day moving average price of $2.58.

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

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.