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

Connexa Sports Technologies Inc. (NASDAQ:YYAI) was the target of a significant increase in short interest in 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. Based on an average daily trading volume, of 738,600 shares, the days-to-cover ratio is currently 0.8 days. Currently, 12.9% of the shares of the stock are sold short.

Connexa Sports Technologies Stock Up 3.4 %

Shares of YYAI stock opened at $0.42 on Friday. Connexa Sports Technologies has a fifty-two week low of $0.35 and a fifty-two week high of $53.00. The stock has a market cap of $6.06 million, a P/E ratio of 0.00 and a beta of -1.85. The business has a fifty day simple moving average of $0.93 and a 200-day simple moving average of $4.81.

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

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.