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

Connexa Sports Technologies Inc. (NASDAQ:YYAI) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 296,900 shares, a growth of 19.9% from the December 31st total of 247,700 shares. Based on an average trading volume of 710,600 shares, the short-interest ratio is presently 0.4 days. Approximately 6.3% of the company’s shares are short sold.

Connexa Sports Technologies Trading Down 3.6 %

Shares of YYAI stock opened at $0.41 on Monday. The company’s fifty day simple moving average is $1.13 and its 200-day simple moving average is $5.45. Connexa Sports Technologies has a 52 week low of $0.37 and a 52 week high of $53.00. The company has a market cap of $5.90 million, a PE ratio of 0.00 and a beta of -1.75.

Connexa Sports Technologies (NASDAQ:YYAI) last released its quarterly earnings data on Friday, December 13th. The company reported ($0.24) EPS 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.