Short Interest in Alphawave IP Group plc (OTCMKTS:AWEVF) Declines By 18.8%

Alphawave IP Group plc (OTCMKTS:AWEVF) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 101,800 shares, a decline of 18.8% from the August 15th total of 125,300 shares. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is presently 15.2 days.

Alphawave IP Group Price Performance

Shares of AWEVF remained flat at $1.73 during trading hours on Tuesday. 14,500 shares of the stock were exchanged, compared to its average volume of 25,499. Alphawave IP Group has a 12-month low of $1.12 and a 12-month high of $2.62. The stock has a 50-day simple moving average of $1.86 and a two-hundred day simple moving average of $1.88.

Alphawave IP Group Company Profile

Alphawave IP Group plc designs, develops, and sells connectivity solutions. The company offers connectivity, integrated products, and chiplet IP products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, and solid-state storage end markets in North America, the Asia Pacific, Europe, and the United Kingdom.