Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Decreases By 33.5%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 33,378 shares, a decrease of 33.5% from the August 15th total of 50,187 shares. Based on an average daily volume of 33,584 shares, the days-to-cover ratio is presently 1.0 days. Currently, 238.4% of the shares of the company are sold short.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Paranovus Entertainment Technology from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Paranovus Entertainment Technology currently has an average rating of “Sell”.

Paranovus Entertainment Technology Price Performance

PAVS opened at $4.07 on Friday. Paranovus Entertainment Technology has a one year low of $3.76 and a one year high of $148,800.00. The stock’s fifty day moving average is $5.11 and its 200-day moving average is $197.86.

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.