ParaZero Technologies Ltd. (NASDAQ:PRZO) Sees Large Drop in Short Interest

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 560,400 shares, a decline of 18.6% from the February 13th total of 688,500 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average trading volume of 3,760,000 shares, the days-to-cover ratio is currently 0.1 days.

ParaZero Technologies Trading Up 2.3 %

Shares of ParaZero Technologies stock traded up $0.02 during trading on Wednesday, reaching $0.86. The company’s stock had a trading volume of 370,193 shares, compared to its average volume of 2,732,576. The business’s 50-day moving average price is $1.38 and its 200-day moving average price is $1.13. ParaZero Technologies has a 52 week low of $0.49 and a 52 week high of $3.16.

Institutional Investors Weigh In On ParaZero Technologies

A hedge fund recently bought a new stake in ParaZero Technologies stock. Virtu Financial LLC acquired a new position in shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,878 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.71% of ParaZero Technologies as of its most recent SEC filing. 1.44% of the stock is currently owned by hedge funds and other institutional investors.

About ParaZero Technologies

ParaZero Technologies Ltd., an aerospace company, designs, develops, manufactures, distributes, and sells autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally. The company offers SafeAir system, a smart parachute system that monitors unmanned aerial systems flight in real-time, as well as identifies critical failures and autonomously triggers a parachute in the event of an emergency.