ParaZero Technologies Ltd. (NASDAQ:PRZO – Get Free Report) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 560,400 shares, a decrease of 18.6% from the February 13th total of 688,500 shares. Based on an average daily trading volume, of 3,760,000 shares, the short-interest ratio is currently 0.1 days. Approximately 3.7% of the shares of the stock are short sold.
Institutional Trading of ParaZero Technologies
A hedge fund recently bought a new stake in ParaZero Technologies stock. Virtu Financial LLC purchased a new stake in shares of ParaZero Technologies Ltd. (NASDAQ:PRZO – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 42,878 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.71% of ParaZero Technologies at the end of the most recent reporting period. 1.44% of the stock is currently owned by hedge funds and other institutional investors.
ParaZero Technologies Price Performance
Shares of PRZO stock traded up $0.02 during trading hours on Tuesday, reaching $0.84. The stock had a trading volume of 237,505 shares, compared to its average volume of 2,742,001. ParaZero Technologies has a 12 month low of $0.49 and a 12 month high of $3.16. The stock’s fifty day simple moving average is $1.41 and its 200 day simple moving average is $1.13.
About ParaZero Technologies
ParaZero Technologies Ltd., an aerospace company, designs, develops, manufactures, distributes, and sells autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally. The company offers SafeAir system, a smart parachute system that monitors unmanned aerial systems flight in real-time, as well as identifies critical failures and autonomously triggers a parachute in the event of an emergency.
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