Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Sees Large Decrease in Short Interest

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 28,100 shares, a drop of 27.6% from the August 15th total of 38,800 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is currently 2.1 days.

Paranovus Entertainment Technology Price Performance

Shares of Paranovus Entertainment Technology stock traded up $0.08 on Friday, hitting $0.89. The stock had a trading volume of 452 shares, compared to its average volume of 34,728. Paranovus Entertainment Technology has a twelve month low of $0.72 and a twelve month high of $4.14. The business’s 50 day moving average is $0.95 and its two-hundred day moving average is $1.15.

Paranovus Entertainment Technology Company Profile

Paranovus Entertainment Technology Ltd. engages in the research, development, manufacture, and sale of nutraceutical and dietary supplement products in the People's Republic of China and internationally. The company's product category includes lucidum spore powders, cordyceps mycelia, Ejiao products, American ginseng products, other traditional Chinese herbal and animal extracts, vitamins, minerals, and amino acids.