Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Declines By 45.5%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 10,006 shares, a drop of 45.5% from the April 30th total of 18,356 shares. Based on an average daily volume of 42,862 shares, the short-interest ratio is currently 0.2 days. Approximately 2.2% of the company’s stock are short sold.

Paranovus Entertainment Technology Price Performance

PAVS opened at $1.16 on Monday. The business has a 50-day moving average of $1.71 and a 200-day moving average of $93.73. Paranovus Entertainment Technology has a fifty-two week low of $1.02 and a fifty-two week high of $1,488.00.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PAVS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a research note on Monday, April 6th. Wall Street Zen downgraded Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Paranovus Entertainment Technology has a consensus rating of “Sell”.

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.