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

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 88,200 shares, an increase of 38.2% from the December 31st total of 63,800 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 116,300 shares, the short-interest ratio is presently 0.8 days.

Eco Wave Power Global AB (publ) Price Performance

Shares of WAVE opened at $8.51 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 3.26. The stock’s 50 day moving average is $11.25 and its two-hundred day moving average is $7.32. Eco Wave Power Global AB has a 12 month low of $1.01 and a 12 month high of $17.63.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last posted its quarterly earnings data on Thursday, November 21st. The company reported ($0.10) EPS for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Eco Wave Power Global AB (publ) stock. Veracity Capital LLC bought a new stake in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,593 shares of the company’s stock, valued at approximately $392,000. Veracity Capital LLC owned 0.64% of Eco Wave Power Global AB (publ) as of its most recent SEC filing. 0.57% of the stock is owned by institutional investors and hedge funds.

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.