Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Sees Large Drop in Short Interest

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 40,700 shares, a decrease of 53.9% from the December 31st total of 88,200 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 96,900 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Eco Wave Power Global AB (publ)

An institutional investor recently bought a new position in Eco Wave Power Global AB (publ) stock. Veracity Capital LLC purchased a new stake in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 35,593 shares of the company’s stock, valued at approximately $392,000. Veracity Capital LLC owned approximately 0.64% of Eco Wave Power Global AB (publ) at the end of the most recent reporting period. 0.57% of the stock is owned by institutional investors and hedge funds.

Eco Wave Power Global AB (publ) Price Performance

NASDAQ:WAVE traded up $0.05 during trading hours on Thursday, reaching $8.16. 17,774 shares of the company were exchanged, compared to its average volume of 58,897. The company has a market capitalization of $45.18 million, a P/E ratio of -18.97 and a beta of -0.68. The business has a 50 day moving average of $11.30 and a 200 day moving average of $7.28. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $17.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 3.26.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last posted its earnings results on Thursday, November 21st. The company reported ($0.10) EPS for the quarter.

Eco Wave Power Global AB (publ) Company Profile

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts.