What's Going On With CXApp (CXAI) Stock Today?
Portfolio Pulse from Erica Kollmann
CXApp Inc (NASDAQ:CXAI) shares are trading higher on Wednesday, up over 25% with more than 16 million shares traded, due to increased retail investor interest and above-average volume. The stock is linked to AI, which has seen increased interest from investors lately. CXAI also has outsized short interest, with more than 92% of the float currently sold short.
May 31, 2023 | 4:09 pm
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CXApp Inc (CXAI) shares are up over 25% due to increased retail investor interest and above-average volume. The stock is linked to AI and has more than 92% short interest.
CXAI shares are up over 25% due to increased retail investor interest and above-average volume. The stock is linked to AI, which has seen increased interest from investors lately, resulting in higher trading volumes and price volatility. Additionally, CXAI has outsized short interest, with more than 92% of the float currently sold short, which could lead to a short squeeze and further upward price movement in the short term.
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