Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Sees Significant Increase in Short Interest

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 426,400 shares, a growth of 47,277.8% from the March 31st total of 900 shares. Approximately 8.0% of the shares of the company are sold short. Based on an average trading volume of 1,030,000 shares, the short-interest ratio is currently 0.4 days.

Eco Wave Power Global AB (publ) Stock Down 4.7 %

Shares of Eco Wave Power Global AB (publ) stock opened at $3.24 on Friday. The business’s fifty day moving average price is $1.95 and its two-hundred day moving average price is $1.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.11 and a quick ratio of 4.11. The company has a market capitalization of $17.98 million, a P/E ratio of -9.26 and a beta of -0.21. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $4.94.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last announced its earnings results on Friday, March 29th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $0.28 million during the quarter.

About Eco Wave Power Global AB (publ)

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. It also operates a grid-connected wave energy array in Gibraltar under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company.