AiRWA Inc. (NASDAQ:YYAI) Sees Large Decrease in Short Interest

AiRWA Inc. (NASDAQ:YYAI) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,602,950 shares, a decline of 30.1% from the February 26th total of 2,291,862 shares. Based on an average daily volume of 584,399 shares, the days-to-cover ratio is presently 2.7 days. Approximately 19.1% of the company’s stock are short sold.

AiRWA Stock Down 5.2%

YYAI opened at $0.86 on Friday. AiRWA has a twelve month low of $0.77 and a twelve month high of $264.42. The company’s 50-day moving average price is $1.07 and its two-hundred day moving average price is $16.64. The stock has a market cap of $16.32 million, a price-to-earnings ratio of 0.30 and a beta of -1.88.

AiRWA (NASDAQ:YYAI) last issued its quarterly earnings results on Tuesday, March 17th. The company reported ($0.05) earnings per share (EPS) for the quarter. AiRWA had a negative return on equity of 0.40% and a negative net margin of 6.12%.The company had revenue of $6.97 million for the quarter.

Insiders Place Their Bets

In other news, Director Hongyu Zhou acquired 4,215,000 shares of AiRWA stock in a transaction on Wednesday, January 21st. The stock was acquired at an average cost of $1.37 per share, with a total value of $5,774,550.00. Following the transaction, the director owned 5,816,489 shares of the company’s stock, valued at approximately $7,968,589.93. This trade represents a 263.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 5,653,937 shares of company stock worth $7,635,950 in the last 90 days. 55.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AiRWA

Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd raised its stake in AiRWA by 12.5% in the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after acquiring an additional 5,630 shares during the period. Jane Street Group LLC lifted its holdings in AiRWA by 47.7% during the fourth quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock valued at $55,000 after purchasing an additional 22,951 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in AiRWA by 7.2% during the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock worth $81,000 after purchasing an additional 6,116 shares during the period. Hedge funds and other institutional investors own 4.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on YYAI shares. Weiss Ratings restated a “sell (d)” rating on shares of AiRWA in a research note on Wednesday. Wall Street Zen lowered AiRWA from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, AiRWA 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.