Connexa Sports Technologies Inc. (NASDAQ:YYAI) Short Interest Update

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

Connexa Sports Technologies Stock Up 14.1 %

NASDAQ YYAI opened at $1.03 on Friday. Connexa Sports Technologies has a 52 week low of $0.35 and a 52 week high of $53.00. The business has a 50 day moving average price of $0.64 and a 200-day moving average price of $2.78. The company has a market cap of $15.00 million, a price-to-earnings ratio of 0.00 and a beta of -2.16.

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

About Connexa Sports Technologies

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.