Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Short Interest Update

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 30,500 shares, a drop of 17.1% from the February 13th total of 36,800 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 60,900 shares, the days-to-cover ratio is currently 0.5 days.

Paranovus Entertainment Technology Price Performance

Shares of PAVS traded down $0.01 during mid-day trading on Thursday, hitting $1.35. 2,549 shares of the company’s stock traded hands, compared to its average volume of 78,769. Paranovus Entertainment Technology has a 1 year low of $0.32 and a 1 year high of $1.99. The business’s 50-day moving average price is $1.37 and its 200-day moving average price is $1.10.

About Paranovus Entertainment Technology

Paranovus Entertainment Technology Ltd. engages in the research, development, manufacture, and sale of nutraceutical and dietary supplement products in the People's Republic of China and internationally. The company's product category includes lucidum spore powders, cordyceps mycelia, Ejiao products, American ginseng products, other traditional Chinese herbal and animal extracts, vitamins, minerals, and amino acids.