Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Update

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 19,080 shares, an increase of 90.7% from the May 14th total of 10,006 shares. Approximately 4.1% of the company’s shares are short sold. Based on an average daily trading volume, of 393,223 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PAVS. Wall Street Zen lowered shares of Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a research report on Monday, April 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Paranovus Entertainment Technology Price Performance

Paranovus Entertainment Technology stock traded up $0.00 during trading on Tuesday, reaching $0.19. The company had a trading volume of 97,596,132 shares, compared to its average volume of 11,197,610. Paranovus Entertainment Technology has a 12-month low of $0.17 and a 12-month high of $1,488.00. The stock’s 50 day moving average price is $1.23 and its two-hundred day moving average price is $37.88.

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.