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 growth in short interest in January. As of January 15th, there was short interest totalling 88,200 shares, a growth of 38.2% from the December 31st total of 63,800 shares. Based on an average trading volume of 116,300 shares, the short-interest ratio is currently 0.8 days. Currently, 1.7% of the shares of the stock are short sold.

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 position in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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) as of its most recent SEC filing. Institutional investors and hedge funds own 0.57% of the company’s stock.

Eco Wave Power Global AB (publ) Trading Down 0.6 %

Shares of Eco Wave Power Global AB (publ) stock traded down $0.05 during trading on Thursday, hitting $8.06. The company’s stock had a trading volume of 22,236 shares, compared to its average volume of 59,130. Eco Wave Power Global AB has a 52 week low of $1.01 and a 52 week 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. The stock has a market cap of $44.65 million, a price-to-earnings ratio of -18.37 and a beta of -0.68. The stock has a 50-day moving average price of $11.30 and a two-hundred day moving average price of $7.28.

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