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

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 9,700 shares, a drop of 59.4% from the December 15th total of 23,900 shares. Based on an average daily volume of 61,900 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Paranovus Entertainment Technology Trading Down 0.8 %

Shares of Paranovus Entertainment Technology stock traded down $0.01 during trading on Monday, hitting $1.32. 37,228 shares of the company were exchanged, compared to its average volume of 86,010. The firm has a 50 day moving average price of $1.09 and a 200 day moving average price of $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.