ParaZero Technologies Ltd. (NASDAQ:PRZO – Get Free Report) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,058,551 shares, a decrease of 45.8% from the June 15th total of 1,952,825 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 519,558 shares, the days-to-cover ratio is presently 2.0 days.
ParaZero Technologies Price Performance
Shares of PRZO stock traded down $0.01 during trading hours on Thursday, reaching $0.50. The stock had a trading volume of 139,299 shares, compared to its average volume of 2,041,570. The stock’s fifty day simple moving average is $0.57 and its 200 day simple moving average is $0.87. ParaZero Technologies has a 12 month low of $0.45 and a 12 month high of $2.15.
Analyst Upgrades and Downgrades
PRZO has been the subject of a number of recent research reports. Wall Street Zen lowered shares of ParaZero Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings upgraded ParaZero Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
ParaZero Technologies Company Profile
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.
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