Connexa Sports Technologies Inc. (NASDAQ:YYAI) Sees Significant Drop in Short Interest

Connexa Sports Technologies Inc. (NASDAQ:YYAI) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 238,100 shares, a decrease of 20.3% from the November 30th total of 298,700 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 307,700 shares, the short-interest ratio is presently 0.8 days.

Connexa Sports Technologies Stock Performance

Shares of YYAI opened at $1.21 on Tuesday. The stock has a market capitalization of $17.62 million, a price-to-earnings ratio of 0.00 and a beta of -1.84. Connexa Sports Technologies has a 52 week low of $0.88 and a 52 week high of $53.00. The stock has a fifty day moving average of $2.98 and a 200-day moving average of $7.35.

Connexa Sports Technologies (NASDAQ:YYAI) last posted its earnings results on Friday, December 13th. The company reported ($0.24) EPS for the quarter. Connexa Sports Technologies had a negative net margin of 565.12% and a negative return on equity of 1,557.21%.

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.