Short Interest in CXApp Inc. (NASDAQ:CXAI) Expands By 136.8%

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

CXApp Stock Performance

Shares of NASDAQ CXAI opened at $1.67 on Friday. 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 business’s 50 day moving average price is $1.54 and its two-hundred day moving average price is $2.04. CXApp has a twelve month low of $1.03 and a twelve month high of $7.07.

CXApp (NASDAQ:CXAI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.08). CXApp had a negative net margin of 751.90% and a negative return on equity of 281.11%. The business had revenue of $1.90 million during the quarter.

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.