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

Connexa Sports Technologies Inc. (NASDAQ:YYAI) was the recipient 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. Approximately 6.3% of the shares of the company are sold short. Based on an average trading volume of 3,220,000 shares, the short-interest ratio is presently 0.1 days.

Connexa Sports Technologies Trading Up 9.3 %

NASDAQ:YYAI opened at $0.78 on Thursday. The firm has a market cap of $11.29 million, a P/E ratio of 0.00 and a beta of -2.16. The stock’s 50 day simple moving average is $0.64 and its 200-day simple moving average is $2.83. 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 issued its earnings results on Monday, March 24th. The company reported $0.02 earnings per share for the quarter. The business 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.