Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Drops By 67.5%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 22,466 shares, a decrease of 67.5% from the March 31st total of 69,101 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average trading volume of 663,242 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PAVS shares. Wall Street Zen upgraded Paranovus Entertainment Technology from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a research report on Monday, April 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Paranovus Entertainment Technology Trading Down 7.5%

Shares of PAVS stock traded down $0.11 during mid-day trading on Monday, reaching $1.35. The stock had a trading volume of 76,278 shares, compared to its average volume of 856,764. Paranovus Entertainment Technology has a 12-month low of $1.33 and a 12-month high of $1,680.00. The business has a 50-day simple moving average of $7.90 and a 200 day simple moving average of $223.66.

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.