ParaZero Technologies Ltd. (NASDAQ:PRZO) Sees Significant Increase in Short Interest

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,702,724 shares, a growth of 83.7% from the May 14th total of 1,471,025 shares. Based on an average trading volume of 12,016,183 shares, the short-interest ratio is presently 0.2 days. Approximately 10.4% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research firms recently weighed in on PRZO. Weiss Ratings cut ParaZero Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Wall Street Zen lowered ParaZero Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

ParaZero Technologies Price Performance

Shares of ParaZero Technologies stock opened at $0.55 on Wednesday. The firm has a 50 day simple moving average of $0.66 and a 200 day simple moving average of $0.98. ParaZero Technologies has a fifty-two week low of $0.45 and a fifty-two week high of $2.15.

ParaZero Technologies (NASDAQ:PRZO) last posted its quarterly earnings data on Thursday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $0.34 million for the quarter.

About ParaZero Technologies

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.