Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Update

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 19,080 shares, an increase of 90.7% from the May 14th total of 10,006 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 393,223 shares, the days-to-cover ratio is presently 0.0 days.

Paranovus Entertainment Technology Price Performance

Shares of Paranovus Entertainment Technology stock traded down $0.08 during trading on Friday, hitting $0.21. 89,259,738 shares of the stock traded hands, compared to its average volume of 17,524,394. The firm’s fifty day moving average is $1.27 and its 200-day moving average is $49.37. Paranovus Entertainment Technology has a 52 week low of $0.18 and a 52 week high of $1,488.00.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PAVS shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a report on Monday, April 6th. Wall Street Zen cut Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Paranovus Entertainment Technology currently has a consensus 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.