Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Rises By 405.1%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 75,377 shares, an increase of 405.1% from the July 15th total of 14,924 shares. Based on an average daily volume of 1,747,663 shares, the days-to-cover ratio is presently 0.0 days. Approximately 538.4% of the shares of the company are short sold.

Paranovus Entertainment Technology Trading Down 2.9%

PAVS stock traded down $0.20 during trading on Thursday, hitting $6.62. 62,639 shares of the company traded hands, compared to its average volume of 527,749. The company has a 50-day moving average of $14.42 and a 200-day moving average of $480.17. Paranovus Entertainment Technology has a 1 year low of $3.76 and a 1 year high of $148,800.00.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PAVS. Wall Street Zen upgraded shares of Paranovus Entertainment Technology to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently 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.