ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Up 83.5% in August

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,330,700 shares, a growth of 83.5% from the August 15th total of 725,131 shares. Based on an average daily volume of 7,975,975 shares, the days-to-cover ratio is presently 0.2 days. Approximately 5.1% of the shares of the stock are sold short.

ParaZero Technologies Stock Up 5.5%

NASDAQ PRZO traded up $0.04 on Thursday, hitting $0.70. 362,003 shares of the company’s stock were exchanged, compared to its average volume of 2,250,861. The stock has a 50-day moving average of $0.63 and a 200-day moving average of $0.70. ParaZero Technologies has a 52 week low of $0.38 and a 52 week high of $1.90.

ParaZero Technologies (NASDAQ:PRZO) last posted its quarterly earnings results on Wednesday, August 26th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $0.53 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of ParaZero Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, ParaZero Technologies has an average rating of “Sell”.

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.