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

CXApp Inc. (NASDAQ:CXAI) was the target of a significant growth in short interest during 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. Approximately 8.7% of the company’s shares are sold short. Based on an average daily volume of 394,600 shares, the short-interest ratio is currently 2.8 days.

CXApp Price Performance

CXAI stock traded up $0.08 during trading on Friday, hitting $1.67. 498,927 shares of the company traded hands, compared to its average volume of 3,874,969. The company has a 50-day moving average of $1.54 and a 200-day moving average of $2.04. 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 has a 1 year low of $1.03 and a 1 year high of $7.07.

CXApp (NASDAQ:CXAI) last issued its earnings results on Tuesday, November 12th. The company reported ($0.32) 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%.

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.