ParaZero Technologies Ltd. (NASDAQ:PRZO) Sees Significant Decrease in Short Interest

ParaZero Technologies Ltd. (NASDAQ:PRZOGet Free Report) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 725,131 shares, a decline of 36.0% from the July 30th total of 1,133,601 shares. Based on an average daily volume of 2,045,550 shares, the short-interest ratio is presently 0.4 days. Approximately 2.8% of the company’s stock are sold short.

ParaZero Technologies Price Performance

Shares of NASDAQ:PRZO traded up $0.02 during trading on Wednesday, reaching $0.85. 384,822 shares of the stock were exchanged, compared to its average volume of 2,328,366. ParaZero Technologies has a 1-year low of $0.38 and a 1-year high of $1.90. The stock has a fifty day moving average of $0.57 and a two-hundred day moving average of $0.73.

ParaZero Technologies (NASDAQ:PRZOGet Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $0.53 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of ParaZero Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on PRZO

ParaZero Technologies Company Profile

(Get Free Report)

ParaZero Technologies (NASDAQ:PRZO) is a provider of safety and risk mitigation systems for unmanned aerial vehicles (UAVs). The company develops integrated flight termination and parachute deployment solutions designed to protect people, property and aircraft in the event of drone failures. Its flagship SafeAir™ product line features automated detection of loss-of-control scenarios, rapid parachute deployment and motor-kill capabilities, enabling safer operations across a range of commercial, industrial and defense applications.

Founded in 2016 and headquartered in Israel, ParaZero has expanded its footprint through partnerships and a network of authorized distributors in North America, Europe and Asia-Pacific.

Further Reading

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