Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Sees Significant Increase in Short Interest

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 75,377 shares, an increase of 405.1% from the July 15th total of 14,924 shares. Based on an average trading volume of 1,747,663 shares, the short-interest ratio is presently 0.0 days. Currently, 538.4% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PAVS shares. Weiss Ratings raised shares of Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Wall Street Zen raised shares of Paranovus Entertainment Technology to a “sell” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Paranovus Entertainment Technology presently has a consensus rating of “Sell”.

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Paranovus Entertainment Technology Price Performance

PAVS stock traded up $0.23 during midday trading on Friday, hitting $6.85. 45,500 shares of the company’s stock were exchanged, compared to its average volume of 524,624. The business has a 50-day simple moving average of $14.42 and a two-hundred day simple moving average of $480.17. Paranovus Entertainment Technology has a 1-year low of $3.76 and a 1-year high of $148,800.00.

Paranovus Entertainment Technology Company Profile

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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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