Short Interest in CXApp Inc. (NASDAQ:CXAI) Drops By 34.4%

CXApp Inc. (NASDAQ:CXAI) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 931,800 shares, a decrease of 34.4% from the May 31st total of 1,420,000 shares. Based on an average daily volume of 6,450,000 shares, the short-interest ratio is currently 0.1 days. Approximately 7.8% of the shares of the stock are sold short.

CXApp Trading Down 6.0 %

CXApp stock opened at $2.02 on Monday. The business’s 50-day simple moving average is $2.89 and its 200 day simple moving average is $2.39. CXApp has a 12-month low of $1.03 and a 12-month high of $11.31.

CXApp (NASDAQ:CXAI) last posted its quarterly earnings results on Friday, May 31st. The company reported ($0.34) earnings per share (EPS) for the quarter. The firm had revenue of $1.82 million during the quarter. CXApp had a negative net margin of 791.55% and a negative return on equity of 154.96%.

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.