Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Update

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 19,080 shares, a growth of 90.7% from the May 14th total of 10,006 shares. Approximately 4.1% of the company’s stock are short sold. Based on an average daily trading volume, of 393,223 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several research firms have weighed in on PAVS. Wall Street Zen cut Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a research report on Monday, April 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Paranovus Entertainment Technology Stock Down 28.3%

PAVS stock traded down $0.08 during midday trading on Friday, hitting $0.21. The company’s stock had a trading volume of 89,259,738 shares, compared to its average volume of 17,524,394. The stock’s 50-day moving average price is $1.27 and its 200 day moving average price is $49.37. Paranovus Entertainment Technology has a 1 year low of $0.18 and a 1 year high of $1,488.00.

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.