Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Drops By 78.3%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 14,924 shares, a decline of 78.3% from the June 30th total of 68,864 shares. Based on an average trading volume of 89,367 shares, the short-interest ratio is currently 0.2 days. Approximately 106.6% of the company’s stock are sold short.

Paranovus Entertainment Technology Trading Down 18.3%

Shares of PAVS stock opened at $4.83 on Friday. Paranovus Entertainment Technology has a 12 month low of $3.76 and a 12 month high of $148,800.00. The stock has a 50 day moving average of $43.07 and a 200-day moving average of $730.44.

Analysts Set New Price Targets

PAVS has been the subject of several recent research reports. Weiss Ratings raised Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. Wall Street Zen raised Paranovus Entertainment Technology to a “sell” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.