ParaZero Technologies Ltd. (NASDAQ:PRZO – Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 312,800 shares, a drop of 55.4% from the November 30th total of 701,500 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average daily volume of 7,000,000 shares, the short-interest ratio is presently 0.0 days.
Hedge Funds Weigh In On 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 – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,878 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.71% 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.
ParaZero Technologies Price Performance
PRZO traded up $0.25 during trading on Friday, reaching $2.73. 6,389,455 shares of the company were exchanged, compared to its average volume of 2,479,146. ParaZero Technologies has a 52 week low of $0.49 and a 52 week high of $3.16. The firm has a 50 day moving average of $1.04 and a 200 day moving average of $0.77.
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.
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