Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Rises By 134.0%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 411,483 shares, an increase of 134.0% from the January 29th total of 175,882 shares. Based on an average daily trading volume, of 1,136,066 shares, the short-interest ratio is currently 0.4 days. Approximately 72.4% of the company’s shares are sold short. Approximately 72.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,136,066 shares, the short-interest ratio is currently 0.4 days.

Paranovus Entertainment Technology Price Performance

PAVS opened at $1.29 on Friday. The stock’s 50 day moving average price is $1.63 and its 200-day moving average price is $42.43. Paranovus Entertainment Technology has a 52-week low of $1.08 and a 52-week high of $150.00.

Paranovus Entertainment Technology (NASDAQ:PAVS) last announced its quarterly earnings results on Friday, December 5th. The company reported ($0.50) EPS for the quarter. The company had revenue of $6.21 million during the quarter.

Analysts Set New Price Targets

PAVS has been the topic of several recent research reports. Wall Street Zen lowered Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a report on Wednesday, December 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.