Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Update

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 651,900 shares, an increase of 32.9% from the July 31st total of 490,400 shares. Approximately 3.5% of the shares of the stock are short sold. Based on an average daily volume of 2,170,000 shares, the days-to-cover ratio is presently 0.3 days.

Greenwave Technology Solutions Price Performance

Shares of GWAV stock opened at $0.47 on Friday. Greenwave Technology Solutions has a 52 week low of $0.42 and a 52 week high of $154.50. The stock has a market capitalization of $2.00 million, a PE ratio of 0.00 and a beta of 1.71. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.08 and a current ratio of 0.10. The stock’s fifty day moving average is $1.13 and its 200-day moving average is $22.08.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.