ParaZero Technologies Ltd. (NASDAQ:PRZO) Short Interest Up 229.6% in June

ParaZero Technologies Ltd. (NASDAQ:PRZO) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 155,900 shares, a growth of 229.6% from the June 15th total of 47,300 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average trading volume of 1,160,000 shares, the days-to-cover ratio is presently 0.1 days.

ParaZero Technologies Stock Up 1.2 %

PRZO traded up $0.01 during mid-day trading on Friday, reaching $0.71. The stock had a trading volume of 102,901 shares, compared to its average volume of 1,001,359. The firm’s fifty day simple moving average is $0.67 and its two-hundred day simple moving average is $0.71. ParaZero Technologies has a 52 week low of $0.56 and a 52 week high of $4.15.

Hedge Funds Weigh In On ParaZero Technologies

An institutional investor recently bought a new position in ParaZero Technologies stock. Virtu Financial LLC purchased a new position in ParaZero Technologies Ltd. (NASDAQ:PRZO) during the 1st quarter, according to its most recent 13F filing with the SEC. 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 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.