Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Sees Large Growth in Short Interest

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 88,200 shares, a growth of 38.2% from the December 15th total of 63,800 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 116,300 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Eco Wave Power Global AB (publ)

A hedge fund recently bought a new stake in Eco Wave Power Global AB (publ) stock. Veracity Capital LLC purchased a new position in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the fourth quarter, according to its most recent 13F 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) at the end of the most recent quarter. Institutional investors and hedge funds own 0.57% of the company’s stock.

Eco Wave Power Global AB (publ) Trading Down 7.5 %

NASDAQ:WAVE opened at $10.37 on Friday. The stock has a market cap of $57.45 million, a price-to-earnings ratio of -24.12 and a beta of -0.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.26 and a current 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 business has a fifty day moving average of $10.97 and a 200-day moving average of $6.82.

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.