Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 10,006 shares, a decline of 45.5% from the April 30th total of 18,356 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 42,862 shares, the days-to-cover ratio is presently 0.2 days.
Paranovus Entertainment Technology Stock Performance
Paranovus Entertainment Technology stock traded down $0.08 on Tuesday, hitting $1.05. 194,215 shares of the stock traded hands, compared to its average volume of 201,459. Paranovus Entertainment Technology has a 1 year low of $1.02 and a 1 year high of $1,488.00. The business’s fifty day simple moving average is $1.66 and its 200 day simple moving average is $88.68.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on PAVS. Wall Street Zen cut shares of Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a research note on Monday, April 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Paranovus Entertainment Technology has an average rating of “Sell”.
About Paranovus Entertainment Technology
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.
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