AiRWA Inc. (NASDAQ:YYAI) Short Interest Down 30.1% in March

AiRWA Inc. (NASDAQ:YYAI) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,602,950 shares, a drop of 30.1% from the February 26th total of 2,291,862 shares. Approximately 19.1% of the company’s shares are sold short. Based on an average daily volume of 584,399 shares, the short-interest ratio is presently 2.7 days.

Analysts Set New Price Targets

Several analysts recently commented on YYAI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a research note on Wednesday. Wall Street Zen cut AiRWA from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

AiRWA Stock Performance

NASDAQ:YYAI opened at $0.86 on Monday. The company has a market cap of $36.19 million, a PE ratio of 0.30 and a beta of -1.87. AiRWA has a 52-week low of $0.77 and a 52-week high of $264.42. The stock has a 50-day simple moving average of $1.07 and a 200 day simple moving average of $15.64.

AiRWA (NASDAQ:YYAI) last released its earnings results on Tuesday, March 17th. The company reported ($0.05) EPS for the quarter. AiRWA had a negative net margin of 6.12% and a negative return on equity of 0.40%. The firm had revenue of $6.97 million during the quarter.

Insider Buying and Selling at AiRWA

In other news, Director Hongyu Zhou purchased 4,215,000 shares of AiRWA stock in a transaction dated Wednesday, January 21st. The shares were bought at an average cost of $1.37 per share, with a total value of $5,774,550.00. Following the completion of the transaction, the director directly owned 5,816,489 shares in the company, valued at $7,968,589.93. This trade represents a 263.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 5,653,937 shares of company stock worth $7,635,950 over the last quarter. Company insiders own 55.80% of the company’s stock.

Institutional Trading of AiRWA

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd grew its position in AiRWA by 12.5% in the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after purchasing an additional 5,630 shares in the last quarter. Jane Street Group LLC lifted its position in 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 buying an additional 22,951 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in AiRWA by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock worth $81,000 after buying an additional 6,116 shares in the last quarter. Institutional investors own 4.03% of the company’s stock.

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.