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

Connexa Sports Technologies Inc. (NASDAQ:YYAI) was the target of a large 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. Currently, 6.3% of the shares of the stock are sold short. Based on an average trading volume of 3,220,000 shares, the short-interest ratio is currently 0.1 days.

Connexa Sports Technologies Stock Up 16.5 %

Connexa Sports Technologies stock opened at $0.90 on Friday. The stock has a 50-day simple moving average of $0.63 and a 200 day simple moving average of $2.81. The stock has a market capitalization of $13.15 million, a price-to-earnings ratio of 0.00 and a beta of -2.16. Connexa Sports Technologies has a 12-month low of $0.35 and a 12-month high of $53.00.

Connexa Sports Technologies (NASDAQ:YYAI) last released its earnings results on Monday, March 24th. The company reported $0.02 earnings per share (EPS) for the quarter. The company 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%.

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.