AiRWA Inc. (NASDAQ:YYAI) Sees Significant Growth in Short Interest

AiRWA Inc. (NASDAQ:YYAI) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 2,894,136 shares, an increase of 25.3% from the January 15th total of 2,309,832 shares. Based on an average trading volume of 4,083,049 shares, the short-interest ratio is currently 0.7 days. Approximately 34.5% of the company’s stock are sold short. Approximately 34.5% of the company’s stock are sold short. Based on an average trading volume of 4,083,049 shares, the short-interest ratio is currently 0.7 days.

Insider Buying and Selling at AiRWA

In other news, Director Hongyu Zhou acquired 4,215,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was acquired at an average cost of $1.37 per share, for a total transaction of $5,774,550.00. Following the completion of the acquisition, the director owned 5,816,489 shares in the company, valued at approximately $7,968,589.93. The trade was a 263.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 5,653,937 shares of company stock valued at $7,635,950 over the last 90 days. Corporate insiders own 55.80% of the company’s stock.

Hedge Funds Weigh In On AiRWA

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in AiRWA by 136.7% in the 4th quarter. Geode Capital Management LLC now owns 176,626 shares of the company’s stock worth $138,000 after buying an additional 101,999 shares during the period. Jane Street Group LLC increased its position in AiRWA by 47.7% during the fourth quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock worth $55,000 after acquiring an additional 22,951 shares during the period. Finally, XTX Topco Ltd raised its stake in AiRWA by 12.5% during the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after purchasing an additional 5,630 shares during the last quarter. 4.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on YYAI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a research report on Friday, December 26th. Wall Street Zen lowered shares of AiRWA from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AiRWA has a consensus rating of “Sell”.

AiRWA Trading Up 2.9%

Shares of AiRWA stock opened at $1.07 on Monday. The firm has a fifty day simple moving average of $1.13 and a 200-day simple moving average of $53.47. The stock has a market capitalization of $20.31 million, a price-to-earnings ratio of 0.27 and a beta of -1.99. AiRWA has a 1-year low of $0.77 and a 1-year high of $264.42.

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.