Short Interest in AiRWA Inc. (NASDAQ:YYAI) Increases By 24.6%

AiRWA Inc. (NASDAQ:YYAI) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,540,852 shares, an increase of 24.6% from the December 15th total of 2,038,785 shares. Based on an average daily volume of 1,601,810 shares, the short-interest ratio is presently 1.6 days. Currently, 30.3% of the company’s shares are short sold. Currently, 30.3% of the company’s shares are short sold. Based on an average daily volume of 1,601,810 shares, the short-interest ratio is presently 1.6 days.

AiRWA Trading Down 9.9%

NASDAQ:YYAI opened at $1.32 on Tuesday. AiRWA has a twelve month low of $0.77 and a twelve month high of $264.42. The company has a market cap of $24.96 million, a P/E ratio of 0.33 and a beta of -1.97. The company’s 50-day moving average price is $1.07 and its 200-day moving average price is $64.71.

Analyst Ratings Changes

YYAI has been the topic of a number of recent research reports. Wall Street Zen downgraded AiRWA from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings restated a “sell (d)” rating on shares of AiRWA in a report on Friday, December 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AiRWA presently has an average rating of “Sell”.

Insider Transactions at AiRWA

In related news, Director Hongyu Zhou acquired 744,496 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was bought at an average price of $1.41 per share, for a total transaction of $1,049,739.36. Following the acquisition, the director directly owned 1,601,489 shares of the company’s stock, valued at $2,258,099.49. This represents a 86.87% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders acquired 1,438,937 shares of company stock worth $1,861,400. 55.80% of the stock is owned by insiders.

Hedge Funds Weigh In On AiRWA

A hedge fund recently raised its stake in AiRWA stock. XTX Topco Ltd lifted its holdings in shares of AiRWA Inc. (NASDAQ:YYAI) by 12.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,761 shares of the company’s stock after purchasing an additional 5,630 shares during the quarter. XTX Topco Ltd owned about 0.35% of AiRWA worth $45,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 4.03% of the company’s stock.

About AiRWA

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. Connexa Sports Technologies Inc is based in Windsor Mill, Maryland.