ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Down 36.0% in August

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 725,131 shares, a decrease of 36.0% from the July 30th total of 1,133,601 shares. Based on an average daily trading volume, of 2,045,550 shares, the days-to-cover ratio is currently 0.4 days. Currently, 2.8% of the shares of the stock are sold short.

ParaZero Technologies Stock Performance

NASDAQ:PRZO traded down $0.06 during trading hours on Tuesday, reaching $0.82. The company had a trading volume of 731,529 shares, compared to its average volume of 2,339,103. The stock has a 50-day moving average of $0.56 and a two-hundred day moving average of $0.73. ParaZero Technologies has a one year low of $0.38 and a one year high of $1.90.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of ParaZero Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ParaZero Technologies presently has an average rating of “Sell”.

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.