Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Short Interest Update

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 9,500 shares, a decrease of 46.6% from the February 29th total of 17,800 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 10,300 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Eco Wave Power Global AB (publ) stock. Jane Street Group LLC acquired a new position in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,272 shares of the company’s stock, valued at approximately $66,000. Jane Street Group LLC owned about 0.22% 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.

Eco Wave Power Global AB (publ) Stock Down 1.0 %

WAVE stock opened at $1.03 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.34 and a quick ratio of 4.34. Eco Wave Power Global AB has a 12-month low of $1.01 and a 12-month high of $3.33. The stock’s 50 day simple moving average is $1.35 and its 200 day simple moving average is $1.78.

About Eco Wave Power Global AB (publ)

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. It also operates a grid-connected wave energy array in Gibraltar under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company.