Short Interest in Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Declines By 59.4%

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 9,700 shares, a decline of 59.4% from the December 15th total of 23,900 shares. Based on an average daily volume of 61,900 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Paranovus Entertainment Technology Price Performance

Shares of Paranovus Entertainment Technology stock traded down $0.01 on Monday, reaching $1.32. The stock had a trading volume of 37,228 shares, compared to its average volume of 86,010. The business’s 50-day moving average price is $1.09 and its two-hundred day moving average price is $0.96. Paranovus Entertainment Technology has a fifty-two week low of $0.32 and a fifty-two week high of $2.81.

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.