ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Down 19.0% in October

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

Institutional Trading of 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) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 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 and hedge funds own 1.44% of the company’s stock.

ParaZero Technologies Price Performance

Shares of PRZO stock traded up $0.03 during trading hours on Friday, hitting $0.59. 82,251 shares of the company’s stock were exchanged, compared to its average volume of 142,881. The stock’s 50-day moving average is $0.62 and its 200-day moving average is $0.64. ParaZero Technologies has a 52 week low of $0.49 and a 52 week high of $1.87.

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.