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

AiRWA Inc. (NASDAQ:YYAI) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 64,737 shares, a growth of 68.7% from the July 15th total of 38,385 shares. Approximately 7.1% of the company’s stock are short sold. Based on an average daily trading volume, of 10,352,877 shares, the short-interest ratio is currently 0.0 days.

AiRWA Stock Up 23.0%

Shares of YYAI opened at $1.50 on Wednesday. The company’s fifty day moving average is $108.16 and its 200-day moving average is $453.58. AiRWA has a 12 month low of $0.99 and a 12 month high of $211,536.00. The firm has a market cap of $79,500.00, a price-to-earnings ratio of 0.01 and a beta of -1.60.

Insider Activity at AiRWA

In other news, major shareholder Financial Lp Hrt sold 44,298 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1.60, for a total value of $70,876.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 86,117 shares of company stock worth $112,916. Insiders own 13.80% of the company’s stock.

Hedge Funds Weigh In On AiRWA

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of AiRWA by 136.7% in the fourth quarter. Geode Capital Management LLC now owns 176,626 shares of the company’s stock worth $138,000 after buying an additional 101,999 shares during the last quarter. Jane Street Group LLC boosted its stake 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 worth $55,000 after acquiring an additional 22,951 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings 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 acquiring an additional 5,630 shares during the last quarter. 4.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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, the stock 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.