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

AiRWA Inc. (NASDAQ:YYAI) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,271,274 shares, a growth of 52.5% from the March 31st total of 1,489,497 shares. Currently, 12.2% of the shares of the company are sold short. Based on an average daily volume of 360,934 shares, the days-to-cover ratio is currently 6.3 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on YYAI. Weiss Ratings reiterated a “sell (d)” rating on shares of AiRWA in a research note on Wednesday, March 25th. Wall Street Zen downgraded shares of AiRWA from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

AiRWA Trading Down 1.6%

AiRWA stock opened at $0.80 on Tuesday. The business’s 50 day simple moving average is $0.93 and its 200 day simple moving average is $1.54. AiRWA has a 12 month low of $0.73 and a 12 month high of $264.42. The company has a market cap of $33.88 million, a price-to-earnings ratio of 0.28 and a beta of -1.74.

AiRWA (NASDAQ:YYAI) last released its 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 firm had revenue of $6.97 million during the quarter.

Institutional Investors Weigh In On AiRWA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd lifted its holdings in AiRWA by 12.5% during the second 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. Jane Street Group LLC increased its stake in shares of AiRWA by 47.7% in the fourth quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock worth $55,000 after purchasing an additional 22,951 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of AiRWA by 7.2% in 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 in the last quarter. 4.03% of the stock is currently owned by institutional investors.

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.