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

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 30,500 shares, a drop of 17.1% from the February 13th total of 36,800 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 60,900 shares, the days-to-cover ratio is presently 0.5 days.

Paranovus Entertainment Technology Stock Down 0.7 %

PAVS stock traded down $0.01 during midday trading on Wednesday, hitting $1.36. The company’s stock had a trading volume of 1,347 shares, compared to its average volume of 78,770. Paranovus Entertainment Technology has a 1 year low of $0.32 and a 1 year high of $1.99. The stock’s 50-day moving average price is $1.37 and its 200 day moving average price is $1.09.

About Paranovus Entertainment Technology

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.