ParaZero Technologies Ltd. (NASDAQ:PRZO) Sees Large Growth in Short Interest

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 2,702,724 shares, an increase of 83.7% from the May 14th total of 1,471,025 shares. Based on an average daily volume of 12,016,183 shares, the short-interest ratio is presently 0.2 days. Approximately 10.4% of the company’s shares are sold short.

Analyst Ratings Changes

A number of brokerages have weighed in on PRZO. Wall Street Zen downgraded ParaZero Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings cut ParaZero Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

ParaZero Technologies Price Performance

Shares of NASDAQ PRZO traded down $0.00 during trading on Monday, hitting $0.60. 117,390 shares of the company traded hands, compared to its average volume of 2,323,820. The business’s fifty day moving average is $0.67 and its 200 day moving average is $0.99. ParaZero Technologies has a fifty-two week low of $0.45 and a fifty-two week high of $2.15.

ParaZero Technologies (NASDAQ:PRZO) last issued its earnings results on Thursday, March 26th. The company reported $0.22 EPS for the quarter. The firm had revenue of $0.34 million during the quarter.

About ParaZero Technologies

ParaZero Technologies (NASDAQ:PRZO) is a provider of safety and risk mitigation systems for unmanned aerial vehicles (UAVs). The company develops integrated flight termination and parachute deployment solutions designed to protect people, property and aircraft in the event of drone failures. Its flagship SafeAir™ product line features automated detection of loss-of-control scenarios, rapid parachute deployment and motor-kill capabilities, enabling safer operations across a range of commercial, industrial and defense applications.

Founded in 2016 and headquartered in Israel, ParaZero has expanded its footprint through partnerships and a network of authorized distributors in North America, Europe and Asia-Pacific.