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

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 1,616,312 shares, an increase of 60.0% from the December 31st total of 1,010,396 shares. Based on an average daily trading volume, of 4,390,066 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 4,390,066 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ParaZero Technologies in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

ParaZero Technologies Price Performance

Shares of ParaZero Technologies stock traded down $0.08 on Friday, reaching $1.13. The company had a trading volume of 1,549,526 shares, compared to its average volume of 2,574,328. The firm’s 50 day moving average price is $1.23 and its two-hundred day moving average price is $1.43. ParaZero Technologies has a 52-week low of $0.53 and a 52-week high of $2.15.

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.