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

CXApp Inc. (NASDAQ:CXAI) was the recipient of a large decrease in short interest in 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 trading volume, of 6,450,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.8% of the shares of the company are short sold.

CXApp Price Performance

NASDAQ CXAI opened at $2.02 on Monday. The business’s fifty day moving average price is $2.89 and its 200-day moving average price is $2.39. CXApp has a 1-year low of $1.03 and a 1-year high of $11.31.

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

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.