AiRWA Inc. (NASDAQ:YYAI) Short Interest Up 1,993.9% in August

AiRWA Inc. (NASDAQ:YYAI) was the recipient of a significant growth in short interest during 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. Approximately 2,946.8% of the company’s stock are short sold. Based on an average daily trading volume, of 120,014,899 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Insider Transactions at AiRWA

In other AiRWA news, major shareholder Financial Lp Hrt sold 44,298 shares of AiRWA stock in a transaction dated 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 available at the SEC website. In the last three months, insiders sold 86,117 shares of company stock worth $112,916. 13.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AiRWA

Several institutional investors and hedge funds have recently bought and sold shares of YYAI. XTX Topco Ltd increased its stake in shares of AiRWA by 12.5% during the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after buying an additional 5,630 shares during the period. Jane Street Group LLC lifted its holdings in shares of AiRWA by 47.7% during the fourth 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, Geode Capital Management LLC boosted its holdings in AiRWA by 7.2% in the second 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 in the last quarter. 4.03% of the stock is currently owned by institutional investors.

AiRWA Price Performance

Shares of NASDAQ:YYAI opened at $1.03 on Wednesday. The firm has a fifty day moving average price of $91.42 and a two-hundred day moving average price of $419.59. AiRWA has a one year low of $0.99 and a one year high of $171,712.00. The company has a market cap of $51,500.00, a price-to-earnings ratio of 0.01 and a beta of -1.61.

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.