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

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,616,312 shares, an increase of 60.0% from the December 31st total of 1,010,396 shares. Based on an average daily trading volume, of 4,390,066 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 4,390,066 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ParaZero Technologies in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

ParaZero Technologies Stock Performance

PRZO traded down $0.08 during trading on Friday, reaching $1.13. 1,549,526 shares of the company’s stock were exchanged, compared to its average volume of 2,574,328. The company’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $1.43. ParaZero Technologies has a 1 year low of $0.53 and a 1 year high of $2.15.

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.