AiRWA Inc. (NASDAQ:YYAI) Short Interest Up 24.6% in December

AiRWA Inc. (NASDAQ:YYAI) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 2,540,852 shares, an increase of 24.6% from the December 15th total of 2,038,785 shares. Based on an average daily trading volume, of 1,601,810 shares, the short-interest ratio is currently 1.6 days. Approximately 30.3% of the company’s stock are sold short. Approximately 30.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,601,810 shares, the short-interest ratio is currently 1.6 days.

Insider Activity

In related news, Director Hongyu Zhou bought 744,496 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were purchased at an average cost of $1.41 per share, with a total value of $1,049,739.36. Following the transaction, the director directly owned 1,601,489 shares of the company’s stock, valued at approximately $2,258,099.49. This represents a 86.87% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have acquired 1,438,937 shares of company stock valued at $1,861,400. Corporate insiders own 55.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AiRWA stock. Geode Capital Management LLC increased its holdings in shares of AiRWA Inc. (NASDAQ:YYAI) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,581 shares of the company’s stock after acquiring an additional 6,116 shares during the period. Geode Capital Management LLC owned approximately 0.62% of AiRWA worth $81,000 as of its most recent SEC filing. 4.03% of the stock is currently owned by institutional investors and hedge funds.

AiRWA Trading Down 9.9%

Shares of YYAI traded down $0.15 during mid-day trading on Friday, hitting $1.32. 1,548,216 shares of the company’s stock were exchanged, compared to its average volume of 2,701,371. AiRWA has a fifty-two week low of $0.77 and a fifty-two week high of $264.42. The business’s 50 day moving average is $1.07 and its two-hundred day moving average is $64.86. The firm has a market capitalization of $24.96 million, a P/E ratio of 0.33 and a beta of -1.97.

Wall Street Analyst Weigh In

Several brokerages have issued reports on YYAI. Wall Street Zen lowered AiRWA from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reissued a “sell (d)” rating on shares of AiRWA in a research report on Friday, December 26th. One research analyst has rated the stock with a Sell rating, According to 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.