Short Interest in ParaZero Technologies Ltd. (NASDAQ:PRZO) Rises By 83.5%

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 1,330,700 shares, a growth of 83.5% from the August 15th total of 725,131 shares. Approximately 5.1% of the shares of the company are sold short. Based on an average trading volume of 7,975,975 shares, the short-interest ratio is currently 0.2 days.

ParaZero Technologies Trading Down 2.7%

Shares of NASDAQ:PRZO traded down $0.02 during trading on Wednesday, reaching $0.65. The company had a trading volume of 184,706 shares, compared to its average volume of 2,259,527. The firm’s fifty day moving average is $0.63 and its 200 day moving average is $0.71. ParaZero Technologies has a twelve month low of $0.38 and a twelve month high of $1.90.

ParaZero Technologies (NASDAQ:PRZO) last posted its quarterly earnings data on Wednesday, August 26th. The company reported ($0.09) EPS for the quarter. The company had revenue of $0.53 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised ParaZero Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

ParaZero Technologies Company Profile

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.