Short Interest in AiRWA Inc. (NASDAQ:YYAI) Decreases By 98.8%

AiRWA Inc. (NASDAQ:YYAI) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 27,674 shares, a decrease of 98.8% from the May 14th total of 2,220,369 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average trading volume of 30,999 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analyst Weigh In

Several research firms have issued reports on YYAI. Wall Street Zen cut shares of AiRWA from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings restated a “sell (d)” rating on shares of AiRWA in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AiRWA currently has an average rating of “Sell”.

Institutional Investors Weigh In On AiRWA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of AiRWA by 136.7% during the 4th quarter. Geode Capital Management LLC now owns 176,626 shares of the company’s stock valued at $138,000 after purchasing an additional 101,999 shares during the last quarter. Jane Street Group LLC increased its position in shares of AiRWA by 47.7% during 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 last quarter. Finally, XTX Topco Ltd increased its position in shares of AiRWA by 12.5% during 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. Hedge funds and other institutional investors own 4.03% of the company’s stock.

AiRWA Stock Up 9.9%

YYAI traded up $0.81 during midday trading on Tuesday, hitting $9.01. 30,644 shares of the company traded hands, compared to its average volume of 29,579. The firm has a market capitalization of $9.46 million, a PE ratio of 0.08 and a beta of -1.90. The company’s 50-day moving average is $24.99 and its 200 day moving average is $36.21. AiRWA has a 52 week low of $7.70 and a 52 week high of $10,576.80.

AiRWA (NASDAQ:YYAI) last released its quarterly earnings results on Tuesday, March 17th. The company reported ($2.00) EPS for the quarter. AiRWA had a negative net margin of 6.12% and a negative return on equity of 0.40%. The business had revenue of $6.97 million for the quarter.

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.