Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Sees Significant Growth in Short Interest

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVSGet Free Report) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 411,483 shares, a growth of 134.0% from the January 29th total of 175,882 shares. Based on an average daily volume of 1,136,066 shares, the short-interest ratio is currently 0.4 days. Currently, 72.4% of the shares of the company are short sold. Currently, 72.4% of the shares of the company are short sold. Based on an average daily volume of 1,136,066 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

PAVS has been the subject of a number of research reports. Wall Street Zen raised shares of Paranovus Entertainment Technology to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a research report on Wednesday, December 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Read Our Latest Research Report on PAVS

Paranovus Entertainment Technology Stock Down 0.8%

Shares of NASDAQ:PAVS opened at $1.28 on Friday. Paranovus Entertainment Technology has a fifty-two week low of $1.08 and a fifty-two week high of $150.00. The firm’s 50-day simple moving average is $1.65 and its 200-day simple moving average is $43.17.

Paranovus Entertainment Technology (NASDAQ:PAVSGet Free Report) last posted its quarterly earnings results on Friday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter. The company had revenue of $6.21 million for the quarter.

About Paranovus Entertainment Technology

(Get Free Report)

Paranovus Entertainment Technology, Inc (NASDAQ: PAVS) is a development‐stage technology company specializing in digital media solutions for the casino gaming, hospitality and entertainment sectors. The company’s core business revolves around the design, development and deployment of interactive software and hardware platforms that enhance guest engagement, streamline operations and deliver targeted advertising in high‐traffic venues.

Central to Paranovus’ offerings is its PAVS platform, an integrated system that supports virtual‐reality experiences, digital signage, social media kiosks and interactive gaming modules.

Further Reading

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