AiRWA Inc. (NASDAQ:YYAI) Short Interest Down 98.8% in May

AiRWA Inc. (NASDAQ:YYAI) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 27,674 shares, a drop 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 short-interest ratio is presently 0.9 days. Currently, 3.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of AiRWA in a research note on Wednesday, March 25th. Wall Street Zen downgraded 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 company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On AiRWA

A number of large investors have recently made changes to their positions in YYAI. Geode Capital Management LLC boosted its stake in shares of AiRWA by 136.7% during 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 during the period. Jane Street Group LLC lifted its stake in AiRWA by 47.7% in the fourth 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 during the last quarter. Finally, XTX Topco Ltd lifted its stake in AiRWA by 12.5% in the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock worth $45,000 after purchasing an additional 5,630 shares during the last quarter. 4.03% of the stock is owned by hedge funds and other institutional investors.

AiRWA Price Performance

Shares of YYAI stock opened at $8.77 on Thursday. The company has a market cap of $9.21 million, a PE ratio of 0.08 and a beta of -1.90. AiRWA has a 1 year low of $7.70 and a 1 year high of $10,576.80. The stock’s 50 day simple moving average is $24.56 and its two-hundred day simple moving average is $36.01.

AiRWA (NASDAQ:YYAI) last released its earnings results on Tuesday, March 17th. The company reported ($2.00) earnings per share for the quarter. The company had revenue of $6.97 million for the quarter. AiRWA had a negative net margin of 6.12% and a negative return on equity of 0.40%.

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.