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 February. As of February 28th, there was short interest totalling 1,080,000 shares, a growth of 95.3% from the February 13th total of 553,100 shares. Approximately 22.8% of the shares of the stock are sold short. Based on an average daily volume of 3,250,000 shares, the short-interest ratio is presently 0.3 days.

Connexa Sports Technologies Price Performance

Shares of YYAI opened at $0.77 on Friday. Connexa Sports Technologies has a 1-year low of $0.35 and a 1-year high of $53.00. The stock has a market cap of $11.18 million, a price-to-earnings ratio of 0.00 and a beta of -2.17. The firm has a 50 day simple moving average of $0.74 and a 200-day simple moving average of $3.21.

Connexa Sports Technologies (NASDAQ:YYAI) last released 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 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.