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

AiRWA Inc. (NASDAQ:YYAI) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 311,711 shares, a decrease of 77.0% from the August 15th total of 1,355,544 shares. Approximately 677.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,749,842 shares, the days-to-cover ratio is currently 0.1 days.

AiRWA Stock Performance

Shares of NASDAQ YYAI opened at $0.73 on Friday. The firm has a market cap of $36,745.00, a P/E ratio of 0.00 and a beta of -1.68. AiRWA has a 1 year low of $0.71 and a 1 year high of $118,000.00. The firm’s 50 day moving average price is $53.65 and its 200 day moving average price is $345.43.

Insider Buying and Selling

In other AiRWA news, major shareholder Financial Lp Hrt sold 44,298 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1.60, for a total transaction of $70,876.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 86,117 shares of company stock worth $112,916. 13.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AiRWA

Hedge funds have recently made changes to their positions in the business. XTX Topco Ltd grew its position in shares of AiRWA by 12.5% in the second 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 period. Jane Street Group LLC lifted its position in AiRWA by 47.7% during the fourth quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock worth $55,000 after buying an additional 22,951 shares during the period. Finally, Geode Capital Management LLC boosted its stake in AiRWA by 7.2% in the 2nd quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock worth $81,000 after buying an additional 6,116 shares during the last quarter. Institutional investors and hedge funds own 4.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on YYAI shares. Wall Street Zen upgraded AiRWA to a “sell” rating in a research report on Saturday, August 29th. Weiss Ratings restated a “sell (d)” rating on shares of AiRWA in a report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, AiRWA currently has a consensus 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.