ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Update

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 455,900 shares, a decrease of 29.7% from the August 15th total of 648,900 shares. Approximately 5.1% of the company’s stock are short sold. Based on an average trading volume of 420,700 shares, the days-to-cover ratio is presently 1.1 days.

ParaZero Technologies Trading Down 1.8 %

PRZO stock traded down $0.01 during trading on Monday, reaching $0.56. The stock had a trading volume of 62,303 shares, compared to its average volume of 866,490. ParaZero Technologies has a one year low of $0.49 and a one year high of $3.59. The company’s 50 day moving average is $0.60 and its two-hundred day moving average is $0.66.

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 shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) during the first quarter, according to its most recent filing with the SEC. The fund 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. Institutional investors and hedge funds 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.