AiRWA Inc. (NASDAQ:YYAI) Sees Significant Increase in Short Interest
by Michael Walen · The Markets DailyAiRWA Inc. (NASDAQ:YYAI – Get Free Report) was the target of a significant growth in short interest in 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. Based on an average trading volume of 120,014,899 shares, the short-interest ratio is currently 0.0 days. Currently, 2,946.8% of the company’s stock are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings reissued 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”.
View Our Latest Stock Analysis on AiRWA
Insider Buying and Selling
In related news, major shareholder Financial Lp Hrt sold 44,298 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1.60, for a total transaction of $70,876.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 86,117 shares of company stock worth $112,916 over the last ninety days. Corporate insiders own 13.80% of the company’s stock.
Institutional Trading of AiRWA
A number of hedge funds have recently made changes to their positions in YYAI. XTX Topco Ltd boosted its stake in shares of AiRWA by 12.5% during the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock worth $45,000 after acquiring an additional 5,630 shares during the period. Jane Street Group LLC raised 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 valued at $55,000 after acquiring an additional 22,951 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in AiRWA by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock valued at $81,000 after purchasing an additional 6,116 shares during the last quarter. 4.03% of the stock is owned by institutional investors and hedge funds.
AiRWA Stock Performance
NASDAQ:YYAI traded down $0.07 during mid-day trading on Tuesday, hitting $1.03. The stock had a trading volume of 769,255 shares, compared to its average volume of 602,502. AiRWA has a twelve month low of $0.99 and a twelve month high of $171,712.00. The stock has a market cap of $54,590.00, a price-to-earnings ratio of 0.01 and a beta of -1.61. The company’s 50 day simple moving average is $91.42 and its 200 day simple moving average is $419.59.
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.