Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Down 98.0% in December

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 162,620 shares, a decrease of 98.0% from the December 15th total of 8,293,950 shares. Based on an average daily trading volume, of 7,296,480 shares, the days-to-cover ratio is currently 0.0 days. Currently, 262.3% of the shares of the stock are short sold. Currently, 262.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,296,480 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a report on Wednesday, December 24th. Wall Street Zen raised shares of Paranovus Entertainment Technology to a “hold” rating in a research note on Saturday, December 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Paranovus Entertainment Technology Price Performance

Shares of PAVS stock traded down $0.23 during mid-day trading on Monday, hitting $2.10. 524,381 shares of the company’s stock were exchanged, compared to its average volume of 5,498,877. Paranovus Entertainment Technology has a fifty-two week low of $1.38 and a fifty-two week high of $150.00. The stock has a 50-day simple moving average of $26.71 and a two-hundred day simple moving average of $62.65.

Paranovus Entertainment Technology (NASDAQ:PAVS) last released its earnings results on Friday, December 5th. The company reported ($0.50) EPS for the quarter. The company had revenue of $6.21 million during the quarter.

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.