Short Interest in ParaZero Technologies Ltd. (NASDAQ:PRZO) Decreases By 29.7%

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the recipient of a significant decrease in short interest during the month of 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 sold short. Based on an average daily trading volume, of 420,700 shares, the short-interest ratio is currently 1.1 days.

ParaZero Technologies Stock Up 3.0 %

Shares of ParaZero Technologies stock traded up $0.02 during trading hours on Friday, reaching $0.57. The company’s stock had a trading volume of 671,077 shares, compared to its average volume of 871,026. The stock’s fifty day simple moving average is $0.60 and its two-hundred day simple moving average is $0.66. ParaZero Technologies has a one year low of $0.49 and a one year high of $3.59.

Institutional Investors Weigh In On ParaZero Technologies

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

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.