Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Rises By 3,659.8%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 717,369 shares, a growth of 3,659.8% from the May 31st total of 19,080 shares. Based on an average trading volume of 98,628,252 shares, the days-to-cover ratio is presently 0.0 days. Approximately 54.5% of the shares of the company are short sold.

Paranovus Entertainment Technology Price Performance

Shares of NASDAQ PAVS opened at $0.08 on Friday. Paranovus Entertainment Technology has a 52-week low of $0.08 and a 52-week high of $1,488.00. The business has a fifty day moving average of $0.97 and a two-hundred day moving average of $11.67.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a report on Monday, April 6th. Wall Street Zen downgraded Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Paranovus Entertainment Technology Company Profile

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.