ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Down 18.6% in February

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 560,400 shares, a decline of 18.6% from the February 13th total of 688,500 shares. Based on an average daily volume of 3,760,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 3.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ParaZero Technologies stock. Virtu Financial LLC bought a new position in ParaZero Technologies Ltd. (NASDAQ:PRZO) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 42,878 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.71% of ParaZero Technologies as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.44% of the company’s stock.

ParaZero Technologies Price Performance

Shares of NASDAQ PRZO traded down $0.03 during midday trading on Thursday, hitting $0.92. 179,759 shares of the company’s stock traded hands, compared to its average volume of 2,730,940. The firm has a fifty day moving average of $1.36 and a 200 day moving average of $1.13. ParaZero Technologies has a 1 year low of $0.49 and a 1 year high of $3.16.

About ParaZero Technologies

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.