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

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

AiRWA Trading Down 9.9%

NASDAQ:YYAI traded down $0.15 during mid-day trading on Friday, hitting $1.32. The stock had a trading volume of 1,548,216 shares, compared to its average volume of 2,701,371. AiRWA has a twelve month low of $0.77 and a twelve month high of $264.42. The stock has a 50-day simple moving average of $1.07 and a two-hundred day simple moving average of $64.86. The company has a market capitalization of $24.96 million, a PE ratio of 0.33 and a beta of -1.97.

Analysts Set New Price Targets

YYAI has been the subject of several recent research reports. 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 restated a “sell (d)” rating on shares of AiRWA in a research note on Friday, December 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, AiRWA presently has an average rating of “Sell”.

Insider Buying and Selling

In other news, Director Hongyu Zhou bought 744,496 shares of the company’s stock in a transaction on Monday, January 12th. The stock was bought at an average cost of $1.41 per share, with a total value of $1,049,739.36. Following the transaction, the director directly owned 1,601,489 shares in the company, valued at $2,258,099.49. The trade was a 86.87% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders bought 1,438,937 shares of company stock worth $1,861,400. Company insiders own 55.80% of the company’s stock.

Hedge Funds Weigh In On AiRWA

An institutional investor recently raised its position in AiRWA stock. Geode Capital Management LLC raised its stake in AiRWA Inc. (NASDAQ:YYAI) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,581 shares of the company’s stock after purchasing an additional 6,116 shares during the period. Geode Capital Management LLC owned 0.62% of AiRWA worth $81,000 as of its most recent SEC filing. 4.03% of the stock is currently owned by institutional investors.

AiRWA Company Profile

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.