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

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 234,200 shares, a growth of 50.2% from the June 30th total of 155,900 shares. Based on an average trading volume of 268,600 shares, the short-interest ratio is currently 0.9 days. Approximately 2.6% of the company’s stock are short sold.

ParaZero Technologies Stock Up 12.2 %

NASDAQ:PRZO traded up $0.07 during trading hours on Monday, hitting $0.65. The stock had a trading volume of 1,169,465 shares, compared to its average volume of 942,452. The business has a 50 day simple moving average of $0.65 and a two-hundred day simple moving average of $0.69. ParaZero Technologies has a 1-year low of $0.53 and a 1-year high of $3.59.

Institutional Investors Weigh In On ParaZero Technologies

A hedge fund recently bought a new stake in ParaZero Technologies stock. Virtu Financial LLC purchased a new position in ParaZero Technologies Ltd. (NASDAQ:PRZO) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 41,378 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned approximately 0.68% of ParaZero Technologies as of its most recent filing with the Securities & Exchange Commission. 1.44% of the stock is owned by institutional investors and hedge funds.

ParaZero Technologies Company Profile

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.