Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Sees Large Decline in Short Interest

Posted by Linda Flegge on Apr 2nd, 2025

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS – Get Free Report) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 23,200 shares, a drop of 23.9% from the February 28th total of 30,500 shares. Based on an average daily trading volume, of 46,500 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

Paranovus Entertainment Technology Trading Down 0.7 %

NASDAQ:PAVS opened at $1.35 on Wednesday. Paranovus Entertainment Technology has a one year low of $0.32 and a one year high of $1.85. The firm’s 50 day simple moving average is $1.38 and its 200 day simple moving average is $1.13.

About Paranovus Entertainment Technology

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Paranovus Entertainment Technology Ltd. engages in the research, development, manufacture, and sale of nutraceutical and dietary supplement products in the People's Republic of China and internationally. The company's product category includes lucidum spore powders, cordyceps mycelia, Ejiao products, American ginseng products, other traditional Chinese herbal and animal extracts, vitamins, minerals, and amino acids.