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

AiRWA Inc. (NASDAQ:YYAIGet Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,355,544 shares, a growth of 1,993.9% from the July 30th total of 64,737 shares. Currently, 2,946.8% of the shares of the company are short sold. Based on an average daily volume of 120,014,899 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of AiRWA in a research report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, AiRWA currently has an average rating of “Sell”.

Read Our Latest Research Report on AiRWA

AiRWA Stock Down 6.4%

YYAI stock traded down $0.07 during midday trading on Tuesday, reaching $1.03. The stock had a trading volume of 769,255 shares, compared to its average volume of 602,502. The firm has a market cap of $54,590.00, a price-to-earnings ratio of 0.01 and a beta of -1.61. AiRWA has a twelve month low of $0.99 and a twelve month high of $171,712.00. The business has a fifty day simple moving average of $91.42 and a two-hundred day simple moving average of $419.59.

Insider Buying and Selling at AiRWA

In related news, major shareholder Financial Lp Hrt sold 44,298 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1.60, for a total transaction of $70,876.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 86,117 shares of company stock worth $112,916. 13.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. XTX Topco Ltd raised its position in shares of 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 raised its stake in shares of AiRWA by 47.7% in the 4th 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 period. Finally, Geode Capital Management LLC boosted its position in AiRWA by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock worth $81,000 after acquiring an additional 6,116 shares during the last quarter. Institutional investors and hedge funds own 4.03% of the company’s stock.

AiRWA Company Profile

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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.

Further Reading

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