Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Update

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 33,378 shares, a decline of 33.5% from the August 15th total of 50,187 shares. Approximately 238.4% of the company’s stock are sold short. Based on an average daily volume of 33,584 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

PAVS has been the topic of several recent analyst reports. Weiss Ratings raised 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 report on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Paranovus Entertainment Technology presently has an average rating of “Sell”.

Paranovus Entertainment Technology Stock Performance

NASDAQ PAVS traded up $0.07 during trading hours on Thursday, hitting $4.04. The company had a trading volume of 9,200 shares, compared to its average volume of 460,137. The business has a 50 day moving average of $5.17 and a 200-day moving average of $210.10. Paranovus Entertainment Technology has a 1-year low of $3.76 and a 1-year high of $148,800.00.

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.