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

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

Eco Wave Power Global AB (publ) Stock Performance

WAVE stock opened at $2.74 on Friday. The stock has a 50-day moving average price of $1.97 and a 200-day moving average price of $1.83. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $4.94. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.01. The firm has a market cap of $15.21 million, a PE ratio of -7.83 and a beta of -0.21.

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 firm 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.