ParaZero Technologies Ltd. (NASDAQ:PRZO – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 234,200 shares, an increase of 50.2% from the June 30th total of 155,900 shares. Based on an average daily trading volume, of 268,600 shares, the short-interest ratio is presently 0.9 days. Approximately 2.6% of the shares of the company are short sold.
Hedge Funds Weigh In On ParaZero Technologies
An institutional investor recently bought a new position in ParaZero Technologies stock. Virtu Financial LLC purchased a new position in ParaZero Technologies Ltd. (NASDAQ:PRZO – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 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. Hedge funds and other institutional investors own 1.44% of the company’s stock.
ParaZero Technologies Stock Up 12.2 %
PRZO stock traded up $0.07 during mid-day trading on Monday, reaching $0.65. 1,169,465 shares of the stock traded hands, compared to its average volume of 942,452. The business has a 50-day moving average of $0.65 and a two-hundred day moving average of $0.69. ParaZero Technologies has a 52 week low of $0.53 and a 52 week high of $3.59.
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.
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