CXApp Inc CXAI shares are trading higher on Wednesday. The stock appears to be seeing increased retail investor interest and is moving on above-average volume.
The Details: CXApp is up over 25% on the day with over 16 million shares traded so far in Wednesday's session, more than double the stock's 100-day average trading volume, according to Benzinga Pro.
CXApp is linked to AI, which has seen increased interest from investors lately resulting in higher trading volumes and price volatility. CXAI has experienced a surge in interest over the last few sessions and the stock was the top trending ticker on StockTwits at publication time.
CXAI also has outsized short interest. According to Benzinga Pro data, more than 92% of the float is currently sold short.
CXApp is a spinoff of Inpixon. The company delivers technology workplace experience solutions targeting the hybrid workplace market. Features include an enterprise employee application, indoor mapping, on-device positioning, augmented reality technologies and an AI-based analytics platform.
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CXAI Price Action: CXAI shares were up 26.9% at $14.29 at the time of publication, per Benzinga Pro.
Photo: Lalmch from Pixabay.
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