Short Interest in ParaZero Technologies Ltd. (NASDAQ:PRZO) Drops By 55.4%

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 312,800 shares, a drop of 55.4% from the November 30th total of 701,500 shares. Based on an average daily volume of 7,000,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.5% of the company’s shares are short sold.

ParaZero Technologies Price Performance

NASDAQ PRZO traded up $0.25 on Friday, hitting $2.73. 6,389,455 shares of the company were exchanged, compared to its average volume of 2,479,146. ParaZero Technologies has a twelve month low of $0.49 and a twelve month high of $3.16. The company’s 50 day moving average price is $1.04 and its 200-day moving average price is $0.77.

Institutional Inflows and Outflows

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