AiRWA Inc. (NASDAQ:YYAI) Short Interest Up 25.3% in January

AiRWA Inc. (NASDAQ:YYAI) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 2,894,136 shares, a growth of 25.3% from the January 15th total of 2,309,832 shares. Currently, 34.5% of the shares of the stock are short sold. Based on an average daily volume of 4,083,049 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 4,083,049 shares, the short-interest ratio is presently 0.7 days. Currently, 34.5% of the shares of the stock are short sold.

AiRWA Trading Up 0.9%

Shares of YYAI opened at $1.08 on Wednesday. The company’s 50-day moving average price is $1.12 and its 200 day moving average price is $51.01. AiRWA has a 12-month low of $0.77 and a 12-month high of $264.42. The firm has a market cap of $20.50 million, a P/E ratio of 0.27 and a beta of -1.99.

Insider Activity at AiRWA

In related news, Director Hongyu Zhou acquired 4,215,000 shares of the stock in a transaction on Wednesday, January 21st. The shares were bought at an average price of $1.37 per share, with a total value of $5,774,550.00. Following the completion of the purchase, the director owned 5,816,489 shares of the company’s stock, valued at approximately $7,968,589.93. This represents a 263.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 5,653,937 shares of company stock valued at $7,635,950 over the last ninety days. 55.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AiRWA

A number of hedge funds have recently made changes to their positions in YYAI. XTX Topco Ltd increased its holdings 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 purchasing an additional 5,630 shares during the last quarter. Jane Street Group LLC grew 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 valued at $55,000 after buying an additional 22,951 shares in the last quarter. Finally, Geode Capital Management LLC grew 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 valued at $81,000 after buying an additional 6,116 shares in the last quarter. Hedge funds and other institutional investors own 4.03% of the company’s stock.

Wall Street Analysts Forecast Growth

YYAI has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of AiRWA in a report on Friday, December 26th. Wall Street Zen downgraded shares of AiRWA from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, AiRWA currently has an average 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.