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

Connexa Sports Technologies Inc. (NASDAQ:YYAI) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 925,600 shares, agrowthof487.7% from the July 15th total of 157,500 shares. Approximately19.5% of the company’s shares are short sold. Based on an average daily volume of 916,400 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 916,400 shares, the days-to-cover ratio is currently 1.0 days. Approximately19.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Connexa Sports Technologies by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock worth $81,000 after acquiring an additional 6,116 shares during the last quarter. XTX Topco Ltd lifted its stake in Connexa Sports Technologies by 12.5% in the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after buying an additional 5,630 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Connexa Sports Technologies in the first quarter valued at approximately $32,000. Institutional investors own 4.03% of the company’s stock.

Connexa Sports Technologies Price Performance

Connexa Sports Technologies stock opened at $4.11 on Friday. The company’s 50 day simple moving average is $1.91 and its 200 day simple moving average is $1.14. Connexa Sports Technologies has a fifty-two week low of $0.35 and a fifty-two week high of $12.09. The firm has a market capitalization of $59.84 million, a price-to-earnings ratio of -0.36 and a beta of -1.95.

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.