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

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 19,800 shares, a decrease of 51.4% from the January 15th total of 40,700 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 92,900 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners began coverage on shares of Eco Wave Power Global AB (publ) in a report on Monday, February 3rd. They set a “buy” rating and a $14.00 price objective on the stock.

Hedge Funds Weigh In On Eco Wave Power Global AB (publ)

Hedge funds have recently modified their holdings of the business. Catalina Capital Group LLC purchased a new stake in shares of Eco Wave Power Global AB (publ) in the third quarter valued at about $113,000. Veracity Capital LLC acquired a new position in Eco Wave Power Global AB (publ) in the 4th quarter valued at about $392,000. Steward Partners Investment Advisory LLC purchased a new stake in Eco Wave Power Global AB (publ) during the 4th quarter valued at approximately $30,000. Commonwealth Equity Services LLC purchased a new stake in Eco Wave Power Global AB (publ) during the 4th quarter valued at approximately $330,000. Finally, IPG Investment Advisors LLC lifted its position in Eco Wave Power Global AB (publ) by 161.3% during the 4th quarter. IPG Investment Advisors LLC now owns 30,050 shares of the company’s stock worth $331,000 after acquiring an additional 18,550 shares during the period. 0.57% of the stock is currently owned by hedge funds and other institutional investors.

Eco Wave Power Global AB (publ) Price Performance

Shares of WAVE opened at $8.93 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 3.26. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $17.63. The stock has a market cap of $49.55 million, a PE ratio of -20.77 and a beta of -0.73. The firm has a fifty day moving average price of $10.88 and a 200 day moving average price of $7.68.

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

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. 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.