Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Sees Large Growth in Short Interest

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 678,800 shares, an increase of 617.5% from the October 15th total of 94,600 shares. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.5% of the shares of the company are sold short.

Greenwave Technology Solutions Stock Performance

Greenwave Technology Solutions stock traded down $0.04 during midday trading on Thursday, hitting $0.34. The stock had a trading volume of 1,427,940 shares, compared to its average volume of 1,155,722. The company has a current ratio of 2.10, a quick ratio of 2.01 and a debt-to-equity ratio of 0.09. Greenwave Technology Solutions has a 52-week low of $0.34 and a 52-week high of $154.50. The company has a market capitalization of $6.93 million, a PE ratio of 0.00 and a beta of 1.71. The firm’s fifty day moving average is $0.41 and its two-hundred day moving average is $2.73.

Greenwave Technology Solutions (NASDAQ:GWAV) last released its earnings results on Friday, August 16th. The company reported ($11.84) earnings per share for the quarter. Greenwave Technology Solutions had a negative net margin of 63.65% and a negative return on equity of 274.83%. The firm had revenue of $7.88 million for the quarter.

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.