Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS – Get Free Report) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 14,924 shares, a drop of 78.3% from the June 30th total of 68,864 shares. Based on an average daily volume of 89,367 shares, the short-interest ratio is currently 0.2 days. Currently, 106.6% of the shares of the company are short sold.
Paranovus Entertainment Technology Price Performance
NASDAQ:PAVS traded down $1.08 during midday trading on Friday, hitting $4.83. 515,695 shares of the stock were exchanged, compared to its average volume of 1,406,276. Paranovus Entertainment Technology has a one year low of $3.76 and a one year high of $148,800.00. The business has a 50-day moving average price of $43.07 and a two-hundred day moving average price of $717.08.
Analysts Set New Price Targets
Several research firms recently commented on PAVS. Wall Street Zen upgraded shares of Paranovus Entertainment Technology to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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.
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