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

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 701,500 shares, an increase of 558.1% from the November 15th total of 106,600 shares. Approximately 7.8% of the shares of the company are short sold. Based on an average trading volume of 5,600,000 shares, the days-to-cover ratio is currently 0.1 days.

ParaZero Technologies Trading Up 7.4 %

PRZO stock traded up $0.10 during midday trading on Wednesday, reaching $1.45. 3,017,459 shares of the company’s stock traded hands, compared to its average volume of 2,178,806. The company has a 50-day moving average price of $0.77 and a two-hundred day moving average price of $0.67. ParaZero Technologies has a 52 week low of $0.49 and a 52 week high of $2.27.

Institutional Investors Weigh In On ParaZero Technologies

A hedge fund recently bought a new stake in ParaZero Technologies stock. Virtu Financial LLC acquired a new stake in shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 42,878 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.71% of ParaZero Technologies at the end of the most recent quarter. 1.44% of the stock is currently owned by institutional investors and hedge funds.

About ParaZero Technologies

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.