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

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 28,100 shares, a decline of 27.6% from the August 15th total of 38,800 shares. Based on an average daily trading volume, of 13,600 shares, the short-interest ratio is presently 2.1 days. Approximately 0.5% of the shares of the stock are short sold.

Paranovus Entertainment Technology Trading Down 4.8 %

Shares of Paranovus Entertainment Technology stock traded down $0.04 on Monday, hitting $0.85. 2,250 shares of the company were exchanged, compared to its average volume of 34,542. The company has a 50-day moving average price of $0.95 and a 200 day moving average price of $1.15. Paranovus Entertainment Technology has a 1-year low of $0.72 and a 1-year high of $4.05.

Paranovus Entertainment Technology Company Profile

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.