Short Interest in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Increases By 47,277.8%

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. Currently, 8.0% of the shares of the stock are short sold. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is presently 0.4 days.

Eco Wave Power Global AB (publ) Price Performance

WAVE traded down $0.16 during midday trading on Thursday, hitting $3.24. The company had a trading volume of 28,558 shares, compared to its average volume of 836,688. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.11 and a current ratio of 4.11. The company has a market capitalization of $17.98 million, a PE ratio of -9.71 and a beta of -0.21. Eco Wave Power Global AB has a twelve month low of $1.01 and a twelve month high of $4.94. The firm’s 50-day simple moving average is $1.91 and its 200-day simple moving average is $1.82.

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