ParaZero Technologies Ltd. (NASDAQ:PRZO) Sees Large Growth in Short Interest

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 2,702,724 shares, a growth of 83.7% from the May 14th total of 1,471,025 shares. Approximately 10.4% of the company’s stock are short sold. Based on an average daily volume of 12,016,183 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

PRZO has been the topic of a number of recent research reports. Weiss Ratings lowered shares of ParaZero Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 4th. Wall Street Zen lowered shares of ParaZero Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ParaZero Technologies has a consensus rating of “Sell”.

ParaZero Technologies Stock Down 0.0%

Shares of NASDAQ:PRZO traded down $0.00 during mid-day trading on Monday, hitting $0.60. 117,390 shares of the company traded hands, compared to its average volume of 2,323,820. The stock has a 50-day moving average price of $0.67 and a two-hundred day moving average price of $0.99. ParaZero Technologies has a 12-month low of $0.45 and a 12-month high of $2.15.

ParaZero Technologies (NASDAQ:PRZO) last issued its quarterly earnings data on Thursday, March 26th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $0.34 million for the quarter.

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.