Connexa Sports Technologies Inc. (NASDAQ:YYAI) Short Interest Down 72.3% in March

Connexa Sports Technologies Inc. (NASDAQ:YYAI) was the target of 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 days-to-cover ratio is currently 0.1 days. Approximately 6.3% of the company’s stock are short sold.

Connexa Sports Technologies Stock Up 16.5 %

Shares of NASDAQ YYAI opened at $0.90 on Friday. The company has a market cap of $13.15 million, a PE ratio of 0.00 and a beta of -2.16. The business’s 50 day moving average price is $0.63 and its two-hundred day moving average price is $2.81. Connexa Sports Technologies has a twelve month low of $0.35 and a twelve 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 for the quarter. The firm had revenue of $3.27 million during the quarter. Connexa Sports Technologies had a negative return on equity of 284.53% and a negative net margin of 546.78%.

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.