Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Down 78.3% in July

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 14,924 shares, a drop of 78.3% from the June 30th total of 68,864 shares. Based on an average daily trading volume, of 89,367 shares, the days-to-cover ratio is presently 0.2 days. Currently, 106.6% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PAVS shares. Wall Street Zen raised Paranovus Entertainment Technology to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded shares of Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Paranovus Entertainment Technology Trading Down 4.1%

Shares of Paranovus Entertainment Technology stock traded down $0.20 during trading hours on Monday, reaching $4.63. 438,472 shares of the company’s stock were exchanged, compared to its average volume of 310,339. The company has a 50 day moving average of $40.94 and a two-hundred day moving average of $697.68. Paranovus Entertainment Technology has a fifty-two week low of $3.76 and a fifty-two week high of $148,800.00.

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.