Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 14,924 shares, a decrease of 78.3% from the June 30th total of 68,864 shares. Currently, 106.6% of the shares of the company are short sold. Based on an average daily trading volume, of 89,367 shares, the short-interest ratio is currently 0.2 days.
Paranovus Entertainment Technology Trading Down 18.3%
PAVS opened at $4.83 on Friday. Paranovus Entertainment Technology has a fifty-two week low of $3.76 and a fifty-two week high of $148,800.00. The firm’s fifty day moving average price is $43.07 and its two-hundred day moving average price is $730.44.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on PAVS shares. Wall Street Zen upgraded shares of Paranovus Entertainment Technology to a “sell” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Paranovus Entertainment Technology presently has an average rating of “Sell”.
About Paranovus Entertainment Technology
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.
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