Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Sees Large Decline in Short Interest

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 23,200 shares, a decline of 23.9% from the February 28th total of 30,500 shares. Based on an average trading volume of 46,500 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

Paranovus Entertainment Technology Trading Down 0.7 %

Shares of PAVS stock opened at $1.35 on Wednesday. The business’s 50 day simple moving average is $1.38 and its 200 day simple moving average is $1.13. Paranovus Entertainment Technology has a one year low of $0.32 and a one year high of $1.85.

Paranovus Entertainment Technology Company Profile

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.