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

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 132,200 shares, a drop of 56.6% from the February 29th total of 304,600 shares. Based on an average trading volume of 1,680,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.8% of the company’s stock are short sold.

ParaZero Technologies Stock Up 1.3 %

NASDAQ:PRZO traded up $0.01 on Thursday, reaching $0.61. 48,464 shares of the stock traded hands, compared to its average volume of 855,340. ParaZero Technologies has a 12 month low of $0.56 and a 12 month high of $4.15. The company’s fifty day simple moving average is $0.71 and its 200 day simple moving average is $0.98.

ParaZero Technologies Company Profile

ParaZero Technologies Ltd., an aerospace company, designs, develops, manufactures, distributes, and sells autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally. The company offers SafeAir system, a smart parachute system that monitors unmanned aerial systems flight in real-time, as well as identifies critical failures and autonomously triggers a parachute in the event of an emergency.