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

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

AiRWA Trading Down 9.9%

NASDAQ:YYAI opened at $1.32 on Monday. AiRWA has a 12 month low of $0.77 and a 12 month high of $264.42. The stock has a 50 day moving average of $1.07 and a two-hundred day moving average of $65.00. The firm has a market cap of $24.96 million, a P/E ratio of 0.33 and a beta of -1.97.

Insider Buying and Selling

In other news, Director Hongyu Zhou acquired 744,496 shares of the business’s stock in a transaction on Monday, January 12th. The stock was bought at an average price of $1.41 per share, with a total value of $1,049,739.36. Following the completion of the acquisition, the director owned 1,601,489 shares of the company’s stock, valued at approximately $2,258,099.49. This represents a 86.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 1,438,937 shares of company stock worth $1,861,400 in the last quarter. 55.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AiRWA stock. XTX Topco Ltd lifted its stake in shares of AiRWA Inc. (NASDAQ:YYAI) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,761 shares of the company’s stock after acquiring an additional 5,630 shares during the period. XTX Topco Ltd owned 0.35% of AiRWA worth $45,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 4.03% of the company’s stock.

Wall Street Analysts Forecast Growth

YYAI has been the subject of several recent analyst reports. Wall Street Zen lowered AiRWA from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a research note on Friday, December 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.