Short Interest in Connexa Sports Technologies Inc. (NASDAQ:CNXA) Declines By 84.6%

Connexa Sports Technologies Inc. (NASDAQ:CNXA) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 35,300 shares, a decline of 84.6% from the February 29th total of 229,400 shares. Based on an average daily volume of 9,450,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.2% of the company’s stock are short sold.

Connexa Sports Technologies Price Performance

Shares of Connexa Sports Technologies stock remained flat at $0.23 during trading on Thursday. 656,873 shares of the stock traded hands, compared to its average volume of 9,232,888. Connexa Sports Technologies has a one year low of $0.14 and a one year high of $14.00. The stock has a fifty day moving average of $0.26 and a two-hundred day moving average of $2.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.20 and a quick ratio of 1.12.

Connexa Sports Technologies (NASDAQ:CNXA) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($14.29) earnings per share for the quarter. The firm had revenue of $2.07 million for the quarter.

Connexa Sports Technologies Company Profile

Connexa Sports Technologies Inc operates as a sports company. It offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher. The company also offers Gameface AI, a performance analytics application for sports. It delivers products, technologies, and services across the watch, play, and learn activities in sports.