CXApp Inc. (NASDAQ:CXAI) Sees Large Increase in Short Interest

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

CXApp Stock Performance

CXApp stock traded up $0.07 during trading hours on Thursday, reaching $1.59. 602,934 shares of the stock were exchanged, compared to its average volume of 3,889,636. The stock has a 50 day moving average of $1.54 and a two-hundred day moving average of $2.05. CXApp has a twelve month low of $1.03 and a twelve month high of $7.07. The company has a current ratio of 0.45, a quick 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). The firm had revenue of $1.90 million during the quarter. CXApp had a negative return on equity of 281.11% and a negative net margin of 751.90%.

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.