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

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 717,369 shares, a growth of 3,659.8% from the May 31st total of 19,080 shares. Based on an average trading volume of 98,628,252 shares, the short-interest ratio is presently 0.0 days. Approximately 54.5% of the company’s stock are sold short.

Paranovus Entertainment Technology Trading Down 37.4%

Shares of PAVS traded down $0.05 on Thursday, reaching $0.08. The company’s stock had a trading volume of 39,288,352 shares, compared to its average volume of 12,482,288. Paranovus Entertainment Technology has a twelve month low of $0.08 and a twelve month high of $1,488.00. The firm has a fifty day moving average of $1.00 and a 200-day moving average of $11.98.

Wall Street Analysts Forecast Growth

PAVS has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a research note on Monday, April 6th. Wall Street Zen lowered Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus 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.