Short Interest in Connexa Sports Technologies Inc. (NASDAQ:YYAI) Grows By 105.5%

Connexa Sports Technologies Inc. (NASDAQ:YYAI) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 610,100 shares, an increase of 105.5% from the January 15th total of 296,900 shares. Approximately 12.9% of the shares of the stock are short sold. Based on an average daily volume of 738,600 shares, the days-to-cover ratio is presently 0.8 days.

Connexa Sports Technologies Stock Performance

Shares of YYAI stock opened at $0.40 on Thursday. The stock’s fifty day moving average is $0.95 and its 200-day moving average is $4.84. Connexa Sports Technologies has a 52 week low of $0.35 and a 52 week high of $53.00. The stock has a market capitalization of $5.86 million, a PE ratio of 0.00 and a beta of -1.85.

Connexa Sports Technologies (NASDAQ:YYAI) last issued its quarterly earnings data on Friday, December 13th. The company reported ($0.24) EPS for the quarter. Connexa Sports Technologies had a negative return on equity of 284.53% and a negative net margin of 546.78%.

Connexa Sports Technologies Company Profile

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.