Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 33,378 shares, a decrease of 33.5% from the August 15th total of 50,187 shares. Based on an average daily volume of 33,584 shares, the days-to-cover ratio is currently 1.0 days. Currently, 238.4% of the shares of the company are short sold.
Paranovus Entertainment Technology Stock Performance
NASDAQ:PAVS traded up $0.07 during midday trading on Thursday, reaching $4.04. The stock had a trading volume of 9,200 shares, compared to its average volume of 460,137. The firm has a fifty day simple moving average of $5.17 and a two-hundred day simple moving average of $210.10. Paranovus Entertainment Technology has a 12-month low of $3.76 and a 12-month high of $148,800.00.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on PAVS. Wall Street Zen cut shares of Paranovus Entertainment Technology from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. 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. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Paranovus Entertainment Technology currently has a consensus 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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