ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Up 83.7% in May

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the recipient of 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 daily trading volume, of 12,016,183 shares, the days-to-cover ratio is presently 0.2 days. Currently, 10.4% of the company’s shares are sold short.

Analyst Ratings Changes

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

ParaZero Technologies Stock Performance

ParaZero Technologies stock traded down $0.03 on Tuesday, hitting $0.55. 561,046 shares of the stock traded hands, compared to its average volume of 2,312,587. The business’s fifty day simple moving average is $0.66 and its 200 day simple moving average is $0.98. ParaZero Technologies has a 1 year low of $0.45 and a 1 year high of $2.15.

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

ParaZero Technologies Company Profile

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.