Connexa Sports Technologies Inc. (NASDAQ:YYAI - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 157,500 shares, anincreaseof3,050.0% from the June 30th total of 5,000 shares. Currently,3.3% of the company's stock are short sold. Based on an average trading volume of 776,700 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 776,700 shares, the days-to-cover ratio is presently 0.2 days. Currently,3.3% of the company's stock are short sold.
Hedge Funds Weigh In On Connexa Sports Technologies
A hedge fund recently bought a new stake in Connexa Sports Technologies stock. Private Advisor Group LLC purchased a new stake in Connexa Sports Technologies Inc. (NASDAQ:YYAI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,400 shares of the company's stock, valued at approximately $32,000. Private Advisor Group LLC owned about 0.26% of Connexa Sports Technologies as of its most recent SEC filing. Institutional investors own 4.03% of the company's stock.
Connexa Sports Technologies Trading Up 3.3%
NASDAQ:YYAI traded up $0.12 during mid-day trading on Tuesday, hitting $3.78. The stock had a trading volume of 142,192 shares, compared to its average volume of 1,856,856. The stock has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $0.92. The company has a market capitalization of $55.05 million, a PE ratio of -0.33 and a beta of -1.98. Connexa Sports Technologies has a twelve month low of $0.35 and a twelve month high of $14.85.
About Connexa Sports Technologies
(
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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.
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