ParaZero Technologies Ltd. (NASDAQ:PRZO) Sees Significant Drop in Short Interest

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 47,300 shares, a decrease of 20.2% from the May 31st total of 59,300 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 1,160,000 shares, the short-interest ratio is currently 0.0 days.

ParaZero Technologies Price Performance

NASDAQ PRZO opened at $0.69 on Friday. The stock’s fifty day moving average price is $0.68 and its 200 day moving average price is $0.72. ParaZero Technologies has a 1 year low of $0.56 and a 1 year high of $4.15.

Hedge Funds Weigh In On ParaZero Technologies

A hedge fund recently bought a new stake in ParaZero Technologies stock. Virtu Financial LLC bought a new stake in ParaZero Technologies Ltd. (NASDAQ:PRZO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,378 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 0.68% of ParaZero Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.44% of the company’s stock.

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.