Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Up 3,659.8% in June

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 717,369 shares, a growth of 3,659.8% from the May 31st total of 19,080 shares. Approximately 54.5% of the shares of the stock are sold short. Based on an average trading volume of 98,628,252 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PAVS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a research report on Monday, April 6th. Wall Street Zen cut Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Paranovus Entertainment Technology has a consensus rating of “Sell”.

Paranovus Entertainment Technology Stock Performance

NASDAQ:PAVS traded down $0.05 on Thursday, reaching $0.08. 39,288,352 shares of the stock traded hands, compared to its average volume of 12,482,288. Paranovus Entertainment Technology has a 1-year low of $0.08 and a 1-year high of $1,488.00. The company’s 50 day moving average is $1.00 and its 200-day moving average is $11.98.

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.