ParaZero Technologies Ltd. (NASDAQ:PRZO) Sees Significant Decline in Short Interest

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 725,131 shares, a decline of 36.0% from the July 30th total of 1,133,601 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average trading volume of 2,045,550 shares, the days-to-cover ratio is presently 0.4 days.

ParaZero Technologies Trading Down 6.4%

PRZO traded down $0.06 during midday trading on Tuesday, hitting $0.82. The company had a trading volume of 731,529 shares, compared to its average volume of 2,339,103. ParaZero Technologies has a twelve month low of $0.38 and a twelve month high of $1.90. The firm’s 50-day simple moving average is $0.56 and its 200-day simple moving average is $0.73.

ParaZero Technologies (NASDAQ:PRZO) last announced its earnings results on Wednesday, August 26th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $0.53 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut ParaZero Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

About ParaZero Technologies

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.