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

Connexa Sports Technologies Inc. (NASDAQ:YYAI) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 384,900 shares, a growth of 71.0% from the October 15th total of 225,100 shares. Currently, 8.1% of the company’s shares are short sold. Based on an average daily volume of 150,600 shares, the days-to-cover ratio is presently 2.6 days.

Connexa Sports Technologies Price Performance

Shares of NASDAQ:YYAI opened at $4.87 on Thursday. Connexa Sports Technologies has a fifty-two week low of $2.89 and a fifty-two week high of $53.00. The company has a market capitalization of $31.36 million, a price-to-earnings ratio of -0.01 and a beta of -1.50. The firm’s 50 day simple moving average is $6.07 and its 200 day simple moving average is $10.51.

Connexa Sports Technologies (NASDAQ:YYAI) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($1.91) earnings per share (EPS) for the quarter. The firm had revenue of $0.71 million during the quarter. Connexa Sports Technologies had a negative net margin of 565.12% and a negative return on equity of 1,557.21%.

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.