Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Down 45.5% in May

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 10,006 shares, a decrease of 45.5% from the April 30th total of 18,356 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average trading volume of 42,862 shares, the short-interest ratio is currently 0.2 days.

Paranovus Entertainment Technology Price Performance

Shares of NASDAQ PAVS opened at $1.16 on Monday. The business’s 50 day moving average is $1.71 and its two-hundred day moving average is $93.73. Paranovus Entertainment Technology has a 12 month low of $1.02 and a 12 month high of $1,488.00.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a report on Monday, April 6th. Wall Street Zen lowered Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus 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.