CXApp Inc. (NASDAQ:CXAI) Short Interest Down 30.1% in February

CXApp Inc. (NASDAQ:CXAI) saw a significant 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 daily 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 short sold.

Hedge Funds Weigh In On CXApp

Several hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in shares of CXApp in the fourth quarter worth about $42,000. Two Sigma Securities LLC increased its holdings in CXApp by 120.6% during the 4th quarter. Two Sigma Securities LLC now owns 27,554 shares of the company’s stock worth $50,000 after acquiring an additional 15,064 shares during the period. JPMorgan Chase & Co. lifted its stake in CXApp by 59,992.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,849 shares of the company’s stock worth $54,000 after purchasing an additional 31,796 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in CXApp by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 137,913 shares of the company’s stock valued at $251,000 after purchasing an additional 14,601 shares during the period. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

CXApp Price Performance

CXApp stock traded up $0.03 during trading on Monday, hitting $1.02. The stock had a trading volume of 179,302 shares, compared to its average volume of 3,077,538. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45. The stock’s 50 day moving average is $1.51 and its two-hundred day moving average is $1.62. CXApp has a 1 year low of $0.88 and a 1 year high of $7.07.

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.