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

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 40,700 shares, a drop of 53.9% from the December 31st total of 88,200 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 96,900 shares, the short-interest ratio is presently 0.4 days.

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 bought a new position in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 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) Stock Up 5.2 %

Shares of WAVE traded up $0.42 during midday trading on Friday, reaching $8.51. 29,671 shares of the stock were exchanged, compared to its average volume of 55,117. 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’s 50 day moving average is $11.25 and its two-hundred day moving average is $7.32. The company has a market capitalization of $47.23 million, a P/E ratio of -19.79 and a beta of -0.68. Eco Wave Power Global AB has a 52 week low of $1.01 and a 52 week high of $17.63.

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