ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Up 1,269.9% in April

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 437,000 shares, a growth of 1,269.9% from the March 31st total of 31,900 shares. Currently, 5.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,710,000 shares, the days-to-cover ratio is presently 0.3 days.

ParaZero Technologies Stock Performance

Shares of ParaZero Technologies stock traded down $0.07 during trading on Thursday, hitting $0.73. 610,351 shares of the stock traded hands, compared to its average volume of 1,512,367. ParaZero Technologies has a 52-week low of $0.56 and a 52-week high of $4.15. The stock’s fifty day simple moving average is $0.72 and its 200 day simple moving average is $0.95.

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.