ParaZero Technologies Ltd. (NASDAQ:PRZO) Sees Large Drop in Short Interest

ParaZero Technologies Ltd. (NASDAQ:PRZOGet Free Report) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,010,396 shares, a drop of 29.1% from the December 15th total of 1,425,094 shares. Based on an average trading volume of 796,454 shares, the short-interest ratio is presently 1.3 days. Currently, 16.7% of the company’s shares are short sold. Currently, 16.7% of the company’s shares are short sold. Based on an average trading volume of 796,454 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ParaZero Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, ParaZero Technologies presently has a consensus rating of “Sell”.

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ParaZero Technologies Trading Up 1.5%

Shares of NASDAQ PRZO traded up $0.02 during midday trading on Friday, reaching $1.37. The company had a trading volume of 611,545 shares, compared to its average volume of 2,612,151. The business’s 50-day simple moving average is $1.26 and its 200 day simple moving average is $1.45. ParaZero Technologies has a 1 year low of $0.53 and a 1 year high of $2.51.

ParaZero Technologies Company Profile

(Get Free Report)

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.

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