ParaZero Technologies Ltd. (NASDAQ:PRZO) Sees Significant Growth in Short Interest

ParaZero Technologies Ltd. (NASDAQ:PRZO) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 155,900 shares, an increase of 229.6% from the June 15th total of 47,300 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily volume of 1,160,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of ParaZero Technologies

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

ParaZero Technologies Trading Up 1.2 %

Shares of PRZO traded up $0.01 during trading hours on Friday, hitting $0.71. 102,901 shares of the stock were exchanged, compared to its average volume of 1,001,359. ParaZero Technologies has a fifty-two week low of $0.56 and a fifty-two week high of $4.15. The business has a 50-day moving average of $0.67 and a 200-day moving average of $0.71.

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.