Short Interest in CXApp Inc. (NASDAQ:CXAIW) Drops By 61.4%

CXApp Inc. (NASDAQ:CXAIW) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 17,900 shares, a decline of 61.4% from the February 29th total of 46,400 shares. Based on an average daily trading volume, of 100,300 shares, the days-to-cover ratio is currently 0.2 days.

CXApp Price Performance

NASDAQ CXAIW traded up $0.01 on Thursday, reaching $0.15. The stock had a trading volume of 615,875 shares, compared to its average volume of 130,228. CXApp has a 12-month low of $0.02 and a 12-month high of $0.57. The business’s 50-day moving average price is $0.13 and its 200 day moving average price is $0.11.

Institutional Investors Weigh In On CXApp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in CXApp by 117.6% in the second quarter. BlackRock Inc. now owns 2,176,471 shares of the company’s stock valued at $1,175,000 after buying an additional 1,176,472 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of CXApp during the second quarter worth approximately $580,000. Walleye Capital LLC raised its stake in shares of CXApp by 928.9% during the second quarter. Walleye Capital LLC now owns 639,255 shares of the company’s stock worth $345,000 after purchasing an additional 577,124 shares during the last quarter. Walleye Trading LLC raised its stake in shares of CXApp by 796.7% during the second quarter. Walleye Trading LLC now owns 358,695 shares of the company’s stock worth $194,000 after purchasing an additional 318,695 shares during the last quarter. Finally, Shaolin Capital Management LLC purchased a new stake in shares of CXApp during the first quarter worth approximately $31,000.

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.