Short Interest in AiRWA Inc. (NASDAQ:YYAI) Decreases By 98.8%
by Mitch Edgeman · The Markets DailyAiRWA Inc. (NASDAQ:YYAI – Get Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 27,674 shares, a decline of 98.8% from the May 14th total of 2,220,369 shares. Based on an average daily trading volume, of 30,999 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.0% of the company’s shares are short sold.
Hedge Funds Weigh In On AiRWA
A number of hedge funds have recently bought and sold shares of YYAI. Geode Capital Management LLC boosted its stake in AiRWA by 136.7% in the 4th quarter. Geode Capital Management LLC now owns 176,626 shares of the company’s stock worth $138,000 after purchasing an additional 101,999 shares in the last quarter. Jane Street Group LLC boosted its stake in AiRWA by 47.7% in the 4th quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock worth $55,000 after purchasing an additional 22,951 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in AiRWA by 12.5% in the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock worth $45,000 after purchasing an additional 5,630 shares in the last quarter. Institutional investors own 4.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of AiRWA from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a research note on Wednesday, March 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on YYAI
AiRWA Stock Up 9.9%
Shares of YYAI stock traded up $0.81 during mid-day trading on Tuesday, reaching $9.01. 30,644 shares of the company’s stock traded hands, compared to its average volume of 29,579. AiRWA has a 12 month low of $7.70 and a 12 month high of $10,576.80. The company has a market cap of $9.46 million, a P/E ratio of 0.08 and a beta of -1.90. The company’s 50-day moving average price is $24.99 and its 200-day moving average price is $36.21.
AiRWA (NASDAQ:YYAI – Get Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($2.00) earnings per share (EPS) for the quarter. The firm had revenue of $6.97 million during the quarter. AiRWA had a negative return on equity of 0.40% and a negative net margin of 6.12%.
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.