Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Up 134.0% in February

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PAVS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a report on Wednesday, December 24th. Wall Street Zen upgraded Paranovus Entertainment Technology to a “hold” rating in a research note on Saturday, December 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Paranovus Entertainment Technology Trading Down 0.8%

PAVS opened at $1.28 on Friday. Paranovus Entertainment Technology has a one year low of $1.08 and a one year high of $150.00. The business’s 50-day simple moving average is $1.65 and its 200-day simple moving average is $43.17.

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 for the quarter.

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.