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

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 162,620 shares, a drop of 98.0% from the December 15th total of 8,293,950 shares. Based on an average trading volume of 7,296,480 shares, the days-to-cover ratio is currently 0.0 days. Approximately 262.3% of the shares of the stock are short sold. Approximately 262.3% of the shares of the stock are short sold. Based on an average trading volume of 7,296,480 shares, the days-to-cover ratio is currently 0.0 days.

Paranovus Entertainment Technology Stock Performance

NASDAQ:PAVS traded up $0.03 on Tuesday, reaching $2.13. 71,715 shares of the stock traded hands, compared to its average volume of 3,595,974. Paranovus Entertainment Technology has a 1-year low of $1.38 and a 1-year high of $150.00. The company’s 50 day moving average is $26.71 and its 200-day moving average is $62.65.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PAVS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a research note on Wednesday, December 24th. Wall Street Zen upgraded shares of Paranovus Entertainment Technology to a “hold” rating in a research report on Saturday, December 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average 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.