ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Down 29.1% in December

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

Analyst Ratings Changes

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

ParaZero Technologies Stock Performance

Shares of PRZO stock traded up $0.02 on Friday, reaching $1.37. The stock had a trading volume of 611,545 shares, 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 company has a 50 day simple moving average of $1.26 and a 200 day simple moving average of $1.45.

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.