ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Down 45.8% in June

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,058,551 shares, a decrease of 45.8% from the June 15th total of 1,952,825 shares. Based on an average daily trading volume, of 519,558 shares, the short-interest ratio is presently 2.0 days. Approximately 4.1% of the company’s stock are short sold.

ParaZero Technologies Stock Up 1.3%

ParaZero Technologies stock opened at $0.50 on Wednesday. ParaZero Technologies has a 12-month low of $0.45 and a 12-month high of $2.15. The firm’s fifty day moving average price is $0.58 and its 200 day moving average price is $0.87.

Analysts Set New Price Targets

Several brokerages recently commented on PRZO. Wall Street Zen downgraded ParaZero Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings upgraded ParaZero Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.