Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Up 1,166.3% in December

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 8,293,950 shares, a growth of 1,166.3% from the November 30th total of 654,951 shares. Based on an average daily volume of 431,337,841 shares, the short-interest ratio is currently 0.0 days. Currently, 13,377.3% of the shares of the company are short sold. Currently, 13,377.3% of the shares of the company are short sold. Based on an average daily volume of 431,337,841 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Paranovus Entertainment Technology Stock Performance

Shares of PAVS stock opened at $1.54 on Friday. Paranovus Entertainment Technology has a 12-month low of $1.38 and a 12-month high of $150.00. The firm has a 50 day moving average price of $40.89 and a two-hundred day moving average price of $70.38.

Paranovus Entertainment Technology (NASDAQ:PAVS) last posted its earnings results on Friday, December 5th. The company reported ($0.50) EPS for the quarter. The firm had revenue of $6.21 million during the quarter.

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.