ParaZero Technologies Ltd. (NASDAQ:PRZO) Sees Large Drop in Short Interest

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,010,396 shares, a drop of 29.1% from the December 15th total of 1,425,094 shares. Currently, 16.7% of the company’s stock are sold short. Based on an average daily trading volume, of 796,454 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 796,454 shares, the short-interest ratio is currently 1.3 days. Currently, 16.7% of the company’s stock are sold short.

ParaZero Technologies Stock Performance

PRZO traded up $0.02 during trading hours on Friday, hitting $1.37. 611,545 shares of the company’s stock were exchanged, compared to its average volume of 2,612,151. ParaZero Technologies has a 1-year low of $0.53 and a 1-year high of $2.51. The stock’s 50-day moving average is $1.26 and its two-hundred day moving average is $1.45.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ParaZero Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

ParaZero Technologies Company Profile

ParaZero Technologies (NASDAQ:PRZO) is a provider of safety and risk mitigation systems for unmanned aerial vehicles (UAVs). The company develops integrated flight termination and parachute deployment solutions designed to protect people, property and aircraft in the event of drone failures. Its flagship SafeAir™ product line features automated detection of loss-of-control scenarios, rapid parachute deployment and motor-kill capabilities, enabling safer operations across a range of commercial, industrial and defense applications.

Founded in 2016 and headquartered in Israel, ParaZero has expanded its footprint through partnerships and a network of authorized distributors in North America, Europe and Asia-Pacific.