ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Down 45.8% in June

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,058,551 shares, a decline of 45.8% from the June 15th total of 1,952,825 shares. Based on an average daily volume of 519,558 shares, the days-to-cover ratio is presently 2.0 days. Currently, 4.1% of the company’s stock are sold short.

ParaZero Technologies Trading Up 1.3%

NASDAQ:PRZO opened at $0.50 on Wednesday. ParaZero Technologies has a one year low of $0.45 and a one year high of $2.15. The stock has a 50-day simple moving average of $0.58 and a 200 day simple moving average of $0.87.

Analysts Set New Price Targets

Several research firms have recently commented on PRZO. Wall Street Zen cut ParaZero Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings raised shares of ParaZero Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ParaZero Technologies presently has a consensus rating of “Sell”.

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.