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

AiRWA Inc. (NASDAQ:YYAI) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 2,894,136 shares, an increase of 25.3% from the January 15th total of 2,309,832 shares. Approximately 34.5% of the company’s shares are short sold. Based on an average trading volume of 4,083,049 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 4,083,049 shares, the short-interest ratio is currently 0.7 days. Approximately 34.5% of the company’s shares are short sold.

Insider Transactions at AiRWA

In other news, Director Hongyu Zhou bought 4,215,000 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was bought at an average cost of $1.37 per share, for a total transaction of $5,774,550.00. Following the completion of the acquisition, the director owned 5,816,489 shares in the company, valued at approximately $7,968,589.93. This trade represents a 263.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have acquired 5,653,937 shares of company stock valued at $7,635,950. 55.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On AiRWA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings 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 buying an additional 22,951 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 acquiring an additional 101,999 shares during the period. Finally, XTX Topco Ltd boosted its stake in AiRWA by 12.5% during the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock worth $45,000 after acquiring an additional 5,630 shares in the last quarter. Hedge funds and other institutional investors own 4.03% of the company’s stock.

AiRWA Stock Up 0.9%

Shares of NASDAQ:YYAI traded up $0.01 during trading on Tuesday, hitting $1.08. The stock had a trading volume of 848,556 shares, compared to its average volume of 2,969,150. The company has a market capitalization of $20.50 million, a PE ratio of 0.27 and a beta of -1.99. The firm’s fifty day moving average is $1.13 and its 200 day moving average is $52.23. AiRWA has a 12 month low of $0.77 and a 12 month high of $264.42.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen cut AiRWA from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a research note on Friday, December 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AiRWA presently has an average rating of “Sell”.

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.