Short Interest in ParaZero Technologies Ltd. (NASDAQ:PRZO) Rises By 83.5%

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,330,700 shares, an increase of 83.5% from the August 15th total of 725,131 shares. Based on an average trading volume of 7,975,975 shares, the days-to-cover ratio is presently 0.2 days. Approximately 5.1% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of ParaZero Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, ParaZero Technologies currently has an average rating of “Sell”.

ParaZero Technologies Trading Down 2.7%

ParaZero Technologies stock traded down $0.02 during mid-day trading on Wednesday, hitting $0.65. The company’s stock had a trading volume of 184,706 shares, compared to its average volume of 2,259,527. ParaZero Technologies has a twelve month low of $0.38 and a twelve month high of $1.90. The stock’s fifty day moving average price is $0.63 and its two-hundred day moving average price is $0.71.

ParaZero Technologies (NASDAQ:PRZO) last announced its quarterly earnings data on Wednesday, August 26th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $0.53 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.