Stocks

Short Interest in Connexa Sports Technologies Inc. (NASDAQ:YYAI) Drops By 72.3%

Published March 28, 2025

On March 28, 2025, it was reported that Connexa Sports Technologies Inc. (NASDAQ:YYAI) experienced a significant reduction in short interest for the month of March. As of March 15, the short interest amounted to 298,900 shares, showing a staggering decrease of 72.3% from the total of 1,080,000 shares reported on February 28. This means that currently, short sales make up 6.3% of the company's shares. Given the average trading volume of 3,220,000 shares, the short interest ratio is recorded at 0.1 days.

Connexa Sports Technologies Stock Performance

Connexa Sports Technologies saw a notable increase in its stock value, which opened at $0.90 on a recent Friday. The stock's recent performance shows a 50-day simple moving average of $0.63, while the 200-day simple moving average is significantly higher at $2.81. The company's market capitalization stands at approximately $13.15 million, with a price-to-earnings (P/E) ratio of 0.00 and a beta of -2.16. Throughout the past year, Connexa's stock has experienced a low of $0.35 and a high of $53.00.

In terms of financial performance, Connexa Sports Technologies reported its earnings on March 24, showing a modest earnings per share (EPS) of $0.02 for the most recent quarter. The company generated $3.27 million in revenue for the same period. However, Connexa Sports Technologies also faced challenges, with a negative net margin of 546.78% and a negative return on equity of 284.53%.

Overview of Connexa Sports Technologies

Connexa Sports Technologies Inc. operates in the sports equipment and technology sector within the United States. The company specializes in innovative products such as the Slinger Launcher, designed for launching padel tennis and pickleball balls, as well as the Slinger Bag Launcher, a unique portable ball launcher integrated into a transport wheeled trolley bag. Furthermore, Connexa provides advanced AI technology and performance analytics through their Gameface platform.

Connexa, Sports, Stock