Connexa Sports Technologies Inc. (NASDAQ:YYAI) Short Interest Up 3,050.0% in July

Key Points

• Connexa Sports Technologies Inc. experienced a dramatic rise in short interest of 3,050.0% in July, with a total of 157,500 shares sold short as of July 15th.
• Private Advisor Group LLC acquired a new stake in the company, purchasing 38,400 shares valued at approximately $32,000, increasing institutional ownership to 4.03%.
• The company's stock price rose 1.1% to $3.57, with a market cap of $51.98 million and a significant one-year price range of $0.35 to $16.50.

Connexa Sports Technologies Inc. (NASDAQ:YYAI - ) was the target 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. Approximately3.3% of the company's stock are sold short. Based on an average daily volume of 776,700 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 776,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately3.3% of the company's stock are sold short.

Institutional Trading of Connexa Sports Technologies

A hedge fund recently bought a new stake in Connexa Sports Technologies stock. Private Advisor Group LLC bought a new position in shares of Connexa Sports Technologies Inc. (NASDAQ:YYAI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 at the end of the most recent quarter. 4.03% of the stock is currently owned by hedge funds and other institutional investors.

Connexa Sports Technologies Stock Up 1.1%

Shares of YYAI stock traded up $0.04 during trading on Friday, reaching $3.57. The company's stock had a trading volume of 94,492 shares, compared to its average volume of 1,880,145. The business has a fifty day moving average price of $1.24 and a 200-day moving average price of $0.91. The company has a market cap of $51.98 million, a price-to-earnings ratio of -0.31 and a beta of -2.20. Connexa Sports Technologies has a one year low of $0.35 and a one year high of $16.50.

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.

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