Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Increases By 134.0%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 411,483 shares, a growth of 134.0% from the January 29th total of 175,882 shares. Based on an average daily trading volume, of 1,136,066 shares, the days-to-cover ratio is presently 0.4 days. Currently, 72.4% of the company’s stock are sold short. Currently, 72.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,136,066 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on PAVS shares. Wall Street Zen lowered Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a report on Wednesday, December 24th. 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 Trading Up 0.8%

NASDAQ PAVS traded up $0.01 on Friday, hitting $1.29. 26,718 shares of the stock traded hands, compared to its average volume of 659,402. The stock has a 50-day moving average of $1.63 and a 200 day moving average of $42.69. Paranovus Entertainment Technology has a twelve month low of $1.08 and a twelve month high of $150.00.

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

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.