Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Sees Significant Decrease in Short Interest

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 50,187 shares, a decrease of 33.4% from the July 30th total of 75,377 shares. Based on an average daily volume of 3,456,142 shares, the short-interest ratio is currently 0.0 days. Currently, 358.5% of the shares of the stock are short sold.

Paranovus Entertainment Technology Price Performance

Shares of PAVS stock traded down $0.26 during trading hours on Tuesday, reaching $4.95. 17,394 shares of the stock were exchanged, compared to its average volume of 489,437. Paranovus Entertainment Technology has a 12-month low of $3.76 and a 12-month high of $148,800.00. The company’s 50-day moving average price is $6.01 and its 200-day moving average price is $338.84.

Analysts Set New Price Targets

PAVS has been the subject of several research analyst reports. Weiss Ratings upgraded Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Wall Street Zen downgraded Paranovus Entertainment Technology from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Paranovus Entertainment Technology presently has a consensus rating of “Sell”.

Paranovus Entertainment Technology Company Profile

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.