Short Interest in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Decreases By 34.4%

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 63,800 shares, a decline of 34.4% from the November 30th total of 97,300 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 108,500 shares, the short-interest ratio is currently 0.6 days.

Eco Wave Power Global AB (publ) Stock Down 1.2 %

Shares of NASDAQ:WAVE opened at $13.00 on Monday. The company has a market cap of $72.14 million, a price-to-earnings ratio of -30.23 and a beta of -0.66. Eco Wave Power Global AB has a 12 month low of $1.01 and a 12 month high of $17.63. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $10.47 and a 200 day moving average price of $6.14.

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. Catalina Capital Group LLC purchased a new position in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,099 shares of the company’s stock, valued at approximately $113,000. Catalina Capital Group LLC owned 0.34% of Eco Wave Power Global AB (publ) at the end of the most recent quarter. 0.57% of the stock is owned by hedge funds and other institutional investors.

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.