ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Down 45.8% in June

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 1,058,551 shares, a drop of 45.8% from the June 15th total of 1,952,825 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average daily volume of 519,558 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of ParaZero Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings raised shares of ParaZero Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ParaZero Technologies has an average rating of “Sell”.

ParaZero Technologies Stock Up 3.6%

Shares of PRZO stock traded up $0.02 during mid-day trading on Friday, hitting $0.52. The company’s stock had a trading volume of 174,653 shares, compared to its average volume of 2,027,672. ParaZero Technologies has a 52-week low of $0.45 and a 52-week high of $2.15. The business has a 50-day moving average price of $0.57 and a 200 day moving average price of $0.86.

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.