Connexa Sports Technologies Inc. (NASDAQ:YYAI) Short Interest Up 105.5% in January

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

Connexa Sports Technologies Stock Up 7.9 %

Shares of NASDAQ:YYAI opened at $0.45 on Friday. The stock’s 50-day moving average price is $0.91 and its 200-day moving average price is $4.78. Connexa Sports Technologies has a 12-month low of $0.35 and a 12-month high of $53.00.

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