Short Interest in ParaZero Technologies Ltd. (NASDAQ:PRZO) Rises By 558.1%

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the target of a large increase in short interest in 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. Currently, 7.8% of the company’s stock are short sold. Based on an average daily trading volume, of 5,600,000 shares, the days-to-cover ratio is currently 0.1 days.

ParaZero Technologies Stock Up 7.4 %

NASDAQ:PRZO traded up $0.10 on Wednesday, hitting $1.45. The stock had a trading volume of 3,017,459 shares, compared to its average volume of 2,178,806. ParaZero Technologies has a 52 week low of $0.49 and a 52 week high of $2.27. The business’s fifty day moving average is $0.77 and its 200 day moving average is $0.67.

Institutional Trading of ParaZero Technologies

An institutional investor recently bought a new position in ParaZero Technologies stock. Virtu Financial LLC purchased a new position in shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,878 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.71% of ParaZero Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 1.44% of the company’s stock.

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.