Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Sees Large Increase in Short Interest

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 550,754 shares, an increase of 50.7% from the February 26th total of 365,505 shares. Currently, 97.0% of the company’s stock are short sold. Based on an average daily volume of 890,312 shares, the short-interest ratio is presently 0.6 days.

Paranovus Entertainment Technology Stock Performance

Shares of Paranovus Entertainment Technology stock opened at $0.20 on Monday. The company has a fifty day simple moving average of $1.20 and a 200-day simple moving average of $31.78. Paranovus Entertainment Technology has a 12-month low of $0.19 and a 12-month high of $140.00.

Paranovus Entertainment Technology’s stock is going to reverse split on the morning of Tuesday, March 31st. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, March 30th.

Analyst Ratings Changes

A number of research firms have weighed in on PAVS. Weiss Ratings restated a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a research note on Wednesday, December 24th. Wall Street Zen cut Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, Based on data from 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.