Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Short Interest Update

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 71,600 shares, a growth of 16.0% from the October 15th total of 61,700 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 54,100 shares, the days-to-cover ratio is currently 1.3 days.

Eco Wave Power Global AB (publ) Price Performance

Eco Wave Power Global AB (publ) stock opened at $6.56 on Friday. The stock has a market cap of $36.40 million, a price-to-earnings ratio of -18.22 and a beta of -0.71. The firm has a 50-day moving average of $6.33 and a two-hundred day moving average of $4.27. Eco Wave Power Global AB has a 1 year low of $1.01 and a 1 year high of $12.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.46 and a quick ratio of 3.46.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last released its quarterly earnings data on Thursday, August 29th. The company reported ($0.09) EPS for the quarter.

Hedge Funds 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. Catalina Capital Group LLC bought a new stake in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,099 shares of the company’s stock, valued at approximately $113,000. Catalina Capital Group LLC owned 0.34% of Eco Wave Power Global AB (publ) as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.57% of the company’s stock.

Eco Wave Power Global AB (publ) Company Profile

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.