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

As of March 15th, 2025, Connexa Sports Technologies Inc. (NASDAQ:YYAI) experienced a significant decline in short interest. The total number of shares sold short fell to 298,900, marking a sharp decrease of 72.3% from the previous total of 1,080,000 shares recorded on February 28th. Currently, this represents 6.3% of the total shares available for trade. Given the average trading volume of 3,220,000 shares, the short-interest ratio now stands at a mere 0.1 days.

Stock Performance of Connexa Sports Technologies

On the trading floor, Connexa Sports Technologies shares were priced at $0.90 recently. The stock shows a 50-day simple moving average of $0.63 and a 200-day simple moving average of $2.81. With a market capitalization of $13.15 million, the stock has a price-to-earnings ratio of 0.00 and a beta of -2.16. Over the past year, the stock reached a low of $0.35 and a high of $53.00.

Additionally, Connexa Sports Technologies announced its latest earnings results on March 24th, revealing earnings per share (EPS) of $0.02 for the quarter. The company's revenue for the same period was reported at $3.27 million, although it faced a negative net margin of 546.78% and a concerning negative return on equity of 284.53%.

About Connexa Sports Technologies

Connexa Sports Technologies Inc. specializes in sports equipment and technology within the United States. The company is known for its products like the Slinger Launcher, a portable padel tennis and pickleball ball launcher, along with the Slinger Bag Launcher, which combines a ball launcher within a transport wheeled trolley bag. Moreover, the company offers Gameface, which features AI technology and performance analytics specifically designed for sports.

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