Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Update

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 8,293,950 shares, an increase of 1,166.3% from the November 30th total of 654,951 shares. Based on an average daily trading volume, of 431,337,841 shares, the short-interest ratio is presently 0.0 days. Approximately 13,377.3% of the shares of the stock are short sold. Approximately 13,377.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 431,337,841 shares, the short-interest ratio is presently 0.0 days.

Paranovus Entertainment Technology Stock Performance

PAVS stock traded up $0.05 during midday trading on Wednesday, hitting $1.54. The company’s stock had a trading volume of 536,566 shares, compared to its average volume of 4,356,522. The firm has a 50-day simple moving average of $42.04 and a 200-day simple moving average of $70.86. Paranovus Entertainment Technology has a 52-week low of $1.38 and a 52-week high of $150.00.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.