Short Interest in ParaZero Technologies Ltd. (NASDAQ:PRZO) Declines By 29.7%

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 455,900 shares, a decline of 29.7% from the August 15th total of 648,900 shares. Based on an average daily volume of 420,700 shares, the days-to-cover ratio is currently 1.1 days. Currently, 5.1% of the company’s shares 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 shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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 filing with the SEC. Institutional investors and hedge funds own 1.44% of the company’s stock.

ParaZero Technologies Stock Up 3.0 %

NASDAQ PRZO traded up $0.02 on Friday, hitting $0.57. 671,077 shares of the company were exchanged, compared to its average volume of 871,026. The stock has a fifty day moving average of $0.60 and a 200-day moving average of $0.66. ParaZero Technologies has a 12 month low of $0.49 and a 12 month 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.