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

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 19,080 shares, an increase of 90.7% from the May 14th total of 10,006 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 393,223 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several brokerages have recently issued reports on PAVS. Weiss Ratings reissued a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a report on Monday, April 6th. Wall Street Zen lowered Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Paranovus Entertainment Technology currently has an average rating of “Sell”.

Paranovus Entertainment Technology Price Performance

Shares of Paranovus Entertainment Technology stock traded down $0.02 on Monday, hitting $0.19. The company’s stock had a trading volume of 664,913,990 shares, compared to its average volume of 22,050,966. Paranovus Entertainment Technology has a 1 year low of $0.17 and a 1 year high of $1,488.00. The firm has a fifty day moving average price of $1.23 and a 200-day moving average price of $37.88.

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.