Short Interest in Alphawave IP Group plc (OTCMKTS:AWEVF) Rises By 131.8%

Alphawave IP Group plc (OTCMKTS:AWEVF) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 322,600 shares, a growth of 131.8% from the November 30th total of 139,200 shares. Based on an average daily volume of 59,700 shares, the days-to-cover ratio is currently 5.4 days.

Alphawave IP Group Trading Up 2.7 %

Shares of AWEVF stock opened at $1.15 on Friday. Alphawave IP Group has a 1 year low of $1.02 and a 1 year high of $2.62. The stock has a 50 day simple moving average of $1.49 and a 200 day simple moving average of $1.67.

About Alphawave IP Group

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.