Short Interest in ParaZero Technologies Ltd. (NASDAQ:PRZO) Grows By 60.0%

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,616,312 shares, a growth of 60.0% from the December 31st total of 1,010,396 shares. Based on an average trading volume of 4,390,066 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 4,390,066 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ParaZero Technologies in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ParaZero Technologies presently has a consensus rating of “Sell”.

ParaZero Technologies Stock Performance

PRZO traded down $0.08 during trading on Friday, hitting $1.13. The stock had a trading volume of 1,549,526 shares, compared to its average volume of 1,588,113. ParaZero Technologies has a twelve month low of $0.53 and a twelve month high of $2.15. The company’s 50-day moving average price is $1.23 and its 200 day moving average price is $1.43.

ParaZero Technologies Company Profile

ParaZero Technologies (NASDAQ:PRZO) is a provider of safety and risk mitigation systems for unmanned aerial vehicles (UAVs). The company develops integrated flight termination and parachute deployment solutions designed to protect people, property and aircraft in the event of drone failures. Its flagship SafeAir™ product line features automated detection of loss-of-control scenarios, rapid parachute deployment and motor-kill capabilities, enabling safer operations across a range of commercial, industrial and defense applications.

Founded in 2016 and headquartered in Israel, ParaZero has expanded its footprint through partnerships and a network of authorized distributors in North America, Europe and Asia-Pacific.