Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Declines By 33.4%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 50,187 shares, a drop of 33.4% from the July 30th total of 75,377 shares. Based on an average daily trading volume, of 3,456,142 shares, the days-to-cover ratio is presently 0.0 days. Currently, 358.5% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. Wall Street Zen lowered Paranovus Entertainment Technology from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Paranovus Entertainment Technology Trading Up 2.1%

NASDAQ:PAVS traded up $0.10 during midday trading on Wednesday, reaching $4.90. 4,448 shares of the stock traded hands, compared to its average volume of 486,594. The company has a fifty day moving average of $5.81 and a 200 day moving average of $327.55. Paranovus Entertainment Technology has a 12 month low of $3.76 and a 12 month high of $148,800.00.

Paranovus Entertainment Technology Company Profile

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.