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

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 77,091 shares, a growth of 265.2% from the November 30th total of 21,111 shares. Based on an average daily volume of 199,825 shares, the short-interest ratio is presently 0.4 days. Currently, 9.7% of the shares of the stock are sold short. Currently, 9.7% of the shares of the stock are sold short. Based on an average daily volume of 199,825 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Greenwave Technology Solutions

An institutional investor recently raised its position in Greenwave Technology Solutions stock. Anson Funds Management LP raised its stake in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 11,241.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,843,160 shares of the company’s stock after purchasing an additional 4,800,458 shares during the period. Anson Funds Management LP owned 7.92% of Greenwave Technology Solutions worth $1,142,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.64% of the company’s stock.

Analyst Ratings Changes

GWAV has been the subject of a number of recent research reports. Wall Street Zen raised Greenwave Technology Solutions to a “sell” rating in a report on Saturday, August 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Greenwave Technology Solutions presently has a consensus rating of “Sell”.

Greenwave Technology Solutions Stock Up 7.6%

Shares of NASDAQ:GWAV traded up $0.41 during trading on Friday, hitting $5.83. 58,005 shares of the company’s stock traded hands, compared to its average volume of 124,583. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $6.55 and a 200-day moving average price of $12.70. Greenwave Technology Solutions has a 52 week low of $4.25 and a 52 week high of $89.75. The company has a market cap of $4.84 million, a price-to-earnings ratio of 0.00 and a beta of -0.16.

Greenwave Technology Solutions (NASDAQ:GWAV) last issued its quarterly earnings data on Wednesday, November 19th. The company reported ($17.85) earnings per share (EPS) for the quarter. The company had revenue of $7.33 million for the quarter. Greenwave Technology Solutions had a negative return on equity of 82.32% and a negative net margin of 63.84%.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc (NASDAQ: GWAV) is a developer of Internet of Things (IoT) connectivity management solutions. The company’s cloud-native platform enables enterprises and service providers to orchestrate, monitor and secure cellular data connections across a variety of devices and network operators, offering features such as remote provisioning, subscription management and real-time analytics.

Its core offerings include eSIM management, multi-operator roaming orchestration and automated compliance tools designed to simplify the deployment and lifecycle management of large-scale IoT and machine-to-machine (M2M) connectivity projects.