Short Interest in Connexa Sports Technologies Inc. (NASDAQ:YYAI) Drops By 72.3%

Connexa Sports Technologies Inc. (NASDAQ:YYAI) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 298,900 shares, a decrease of 72.3% from the February 28th total of 1,080,000 shares. Based on an average daily volume of 3,220,000 shares, the short-interest ratio is currently 0.1 days. Approximately 6.3% of the company’s stock are sold short.

Connexa Sports Technologies Price Performance

YYAI opened at $1.03 on Friday. Connexa Sports Technologies has a fifty-two week low of $0.35 and a fifty-two week high of $53.00. The company’s 50-day moving average is $0.64 and its 200 day moving average is $2.78. The firm has a market capitalization of $15.00 million, a P/E ratio of 0.00 and a beta of -2.16.

Connexa Sports Technologies (NASDAQ:YYAI) last posted its earnings results on Monday, March 24th. The company reported $0.02 EPS for the quarter. The firm had revenue of $3.27 million for the quarter. Connexa Sports Technologies had a negative net margin of 546.78% and a negative return on equity of 284.53%.

Connexa Sports Technologies Company Profile

Connexa Sports Technologies Inc engages in the sports equipment and technology business in the United States. The company offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher; and Slinger Bag Launcher, a ball launcher built into transport wheeled trolley bag. It also provides Gameface, AI technology and performance analytics for sports.