Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Update

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,110,000 shares, anincreaseof59.7% from the July 15th total of 695,000 shares. Currently,2.0% of the company’s stock are short sold. Based on an average daily volume of 1,550,000 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 1,550,000 shares, the days-to-cover ratio is presently 0.7 days. Currently,2.0% of the company’s stock are short sold.

Greenwave Technology Solutions Price Performance

GWAV stock opened at $0.18 on Tuesday. The business has a 50 day moving average price of $0.21 and a 200 day moving average price of $0.23. The stock has a market cap of $11.03 million, a price-to-earnings ratio of 0.00 and a beta of 0.46. Greenwave Technology Solutions has a fifty-two week low of $0.12 and a fifty-two week high of $1.09. The company has a quick ratio of 0.23, a current ratio of 0.36 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Greenwave Technology Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anson Funds Management LP lifted its stake in Greenwave Technology Solutions by 11,241.8% in the first quarter. Anson Funds Management LP now owns 4,843,160 shares of the company’s stock valued at $1,142,000 after buying an additional 4,800,458 shares during the last quarter. Geode Capital Management LLC lifted its stake in Greenwave Technology Solutions by 134.6% in the fourth quarter. Geode Capital Management LLC now owns 177,055 shares of the company’s stock valued at $124,000 after buying an additional 101,579 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Greenwave Technology Solutions in the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 15.64% of the company’s stock.

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.