Short Interest in ParaZero Technologies Ltd. (NASDAQ:PRZO) Decreases By 19.0%

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 94,500 shares, a decline of 19.0% from the October 15th total of 116,700 shares. Based on an average daily volume of 376,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.1% of the shares of the stock are sold short.

ParaZero Technologies Stock Up 4.8 %

PRZO stock traded up $0.03 during mid-day trading on Friday, hitting $0.59. The company had a trading volume of 79,323 shares, compared to its average volume of 772,365. ParaZero Technologies has a 12-month low of $0.49 and a 12-month high of $1.87. The company has a 50-day moving average price of $0.62 and a 200 day moving average price of $0.64.

Institutional Trading of ParaZero Technologies

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 first quarter, according to its most recent 13F filing with the SEC. The fund bought 41,378 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.68% of ParaZero Technologies as of its most recent SEC filing. 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.