Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Down 17.8% in March

Posted by Doug Wharley on Apr 2nd, 2025

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Get Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 3,040,000 shares, a decline of 17.8% from the February 28th total of 3,700,000 shares. Based on an average daily volume of 3,860,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 5.5% of the company’s stock are sold short.

Greenwave Technology Solutions Stock Up 1.0 %

GWAV stock traded up $0.00 during trading on Wednesday, hitting $0.24. 946,208 shares of the company’s stock traded hands, compared to its average volume of 4,832,452. The firm has a market capitalization of $9.40 million, a P/E ratio of 0.00 and a beta of 1.32. Greenwave Technology Solutions has a 1 year low of $0.22 and a 1 year high of $44.48. The company has a quick ratio of 1.36, a current ratio of 1.52 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $0.31 and a two-hundred day simple moving average of $0.43.

Institutional Investors Weigh In On Greenwave Technology Solutions

An institutional investor recently raised its position in Greenwave Technology Solutions stock. Geode Capital Management LLC increased its position in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Free Report) by 134.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,055 shares of the company’s stock after acquiring an additional 101,579 shares during the quarter. Geode Capital Management LLC owned about 0.79% of Greenwave Technology Solutions worth $124,000 as of its most recent SEC filing. 15.64% of the stock is owned by hedge funds and other institutional investors.

Greenwave Technology Solutions Company Profile

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Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.