Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Increases By 405.1%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVSGet Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 75,377 shares, an increase of 405.1% from the July 15th total of 14,924 shares. Based on an average daily volume of 1,747,663 shares, the short-interest ratio is presently 0.0 days. Approximately 538.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PAVS shares. Wall Street Zen raised shares of Paranovus Entertainment Technology to a “sell” rating in a research note on Sunday, July 12th. Weiss Ratings raised shares of Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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Paranovus Entertainment Technology Stock Down 1.6%

PAVS stock traded down $0.11 during trading on Wednesday, reaching $6.90. The stock had a trading volume of 41,440 shares, compared to its average volume of 530,735. The stock’s 50 day moving average is $18.31 and its two-hundred day moving average is $511.77. Paranovus Entertainment Technology has a 52 week low of $3.76 and a 52 week high of $148,800.00.

Paranovus Entertainment Technology Company Profile

(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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