Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Expands By 405.1%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 75,377 shares, a growth of 405.1% from the July 15th total of 14,924 shares. Currently, 538.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,747,663 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research analysts have issued reports on PAVS shares. Weiss Ratings upgraded Paranovus Entertainment Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Wall Street Zen raised Paranovus Entertainment Technology to a “sell” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Paranovus Entertainment Technology presently has an average rating of “Sell”.

Paranovus Entertainment Technology Stock Performance

Shares of PAVS traded down $0.11 during mid-day trading on Wednesday, hitting $6.90. The stock had a trading volume of 41,440 shares, compared to its average volume of 530,735. Paranovus Entertainment Technology has a 52 week low of $3.76 and a 52 week high of $148,800.00. The business has a fifty day moving average price of $18.31 and a 200-day moving average price of $511.77.

Paranovus Entertainment Technology Company Profile

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.