Connexa Sports Technologies Inc. (NASDAQ:CNXA) Sees Large Drop in Short Interest

Connexa Sports Technologies Inc. (NASDAQ:CNXA) was the target of a large decline in short interest in 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. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 9,450,000 shares, the short-interest ratio is currently 0.0 days.

Connexa Sports Technologies Stock Performance

Shares of NASDAQ CNXA remained flat at $0.23 during midday trading on Friday. 658,383 shares of the stock traded hands, compared to its average volume of 1,778,609. Connexa Sports Technologies has a 1-year low of $0.14 and a 1-year high of $14.00. The business has a fifty day simple moving average of $0.26 and a two-hundred day simple moving average of $1.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.12 and a current ratio of 1.20.

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

About Connexa Sports Technologies

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.