Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Sees Significant Growth in Short Interest

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 23,900 shares, a growth of 51.3% from the November 30th total of 15,800 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 172,300 shares, the short-interest ratio is currently 0.1 days.

Paranovus Entertainment Technology Price Performance

Shares of NASDAQ PAVS traded down $0.01 during mid-day trading on Monday, hitting $1.31. The stock had a trading volume of 19,020 shares, compared to its average volume of 69,818. The company has a 50 day moving average of $1.00 and a two-hundred day moving average of $0.93. Paranovus Entertainment Technology has a twelve month low of $0.32 and a twelve month high of $2.81.

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.