Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Down 17.8% in March

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 3,040,000 shares, a drop of 17.8% from the February 28th total of 3,700,000 shares. Based on an average daily trading volume, of 3,860,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 5.5% of the company’s shares are sold short.

Institutional Trading of Greenwave Technology Solutions

A hedge fund recently raised its stake in Greenwave Technology Solutions stock. Geode Capital Management LLC lifted its position in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 134.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,055 shares of the company’s stock after buying an additional 101,579 shares during the quarter. Geode Capital Management LLC owned approximately 0.79% of Greenwave Technology Solutions worth $124,000 at the end of the most recent quarter. 15.64% of the stock is currently owned by institutional investors and hedge funds.

Greenwave Technology Solutions Trading Up 1.0 %

Greenwave Technology Solutions stock traded up $0.00 during trading hours on Wednesday, hitting $0.24. The company had a trading volume of 946,208 shares, compared to its average volume of 4,832,452. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.52. The firm has a market cap of $9.40 million, a P/E ratio of 0.00 and a beta of 1.32. The company has a 50-day moving average price of $0.31 and a two-hundred day moving average price of $0.43. Greenwave Technology Solutions has a 1 year low of $0.22 and a 1 year high of $44.48.

Greenwave Technology Solutions Company Profile

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.