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

AiRWA Inc. (NASDAQ:YYAI) was the recipient of a significant 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 days-to-cover ratio is presently 0.7 days. Approximately 34.5% of the shares of the stock are short sold. Approximately 34.5% of the shares of the stock are short sold. Based on an average trading volume of 4,083,049 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

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

AiRWA Price Performance

AiRWA stock opened at $1.07 on Monday. The firm’s 50 day simple moving average is $1.13 and its 200-day simple moving average is $53.47. AiRWA has a fifty-two week low of $0.77 and a fifty-two week high of $264.42. The company has a market cap of $20.31 million, a P/E ratio of 0.27 and a beta of -1.99.

Insider Buying and Selling

In other AiRWA news, Director Hongyu Zhou acquired 4,215,000 shares of AiRWA stock in a transaction dated Wednesday, January 21st. The stock was bought at an average price of $1.37 per share, for a total transaction of $5,774,550.00. Following the transaction, the director owned 5,816,489 shares in the company, valued at approximately $7,968,589.93. This trade represents a 263.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 5,653,937 shares of company stock valued at $7,635,950 in the last quarter. 55.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its position in AiRWA by 47.7% during the 4th 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. Geode Capital Management LLC increased its stake in AiRWA by 136.7% in the 4th quarter. Geode Capital Management LLC now owns 176,626 shares of the company’s stock valued at $138,000 after buying an additional 101,999 shares during the period. Finally, XTX Topco Ltd increased 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 buying an additional 5,630 shares during the period. 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.