Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 50,187 shares, a decrease of 33.4% from the July 30th total of 75,377 shares. Currently, 358.5% of the company’s shares are short sold. Based on an average daily volume of 3,456,142 shares, the short-interest ratio is currently 0.0 days.
Paranovus Entertainment Technology Stock Down 5.0%
NASDAQ:PAVS traded down $0.26 during mid-day trading on Tuesday, reaching $4.95. The company’s stock had a trading volume of 17,394 shares, compared to its average volume of 489,437. Paranovus Entertainment Technology has a 1 year low of $3.76 and a 1 year high of $148,800.00. The stock has a fifty day moving average of $6.01 and a 200-day moving average of $338.84.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on PAVS shares. Wall Street Zen downgraded shares of Paranovus Entertainment Technology from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded shares of Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average 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.
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