Short Interest in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Decreases By 34.4%

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 63,800 shares, a decrease of 34.4% from the November 30th total of 97,300 shares. Based on an average trading volume of 108,500 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Eco Wave Power Global AB (publ) stock. Catalina Capital Group LLC acquired a new stake in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,099 shares of the company’s stock, valued at approximately $113,000. Catalina Capital Group LLC owned 0.34% of Eco Wave Power Global AB (publ) as of its most recent SEC filing. Hedge funds and other institutional investors own 0.57% of the company’s stock.

Eco Wave Power Global AB (publ) Price Performance

WAVE stock opened at $13.16 on Friday. The stock has a market cap of $73.02 million, a PE ratio of -30.60 and a beta of -0.66. Eco Wave Power Global AB has a 12 month low of $1.01 and a 12 month high of $17.63. The company has a 50-day moving average price of $10.47 and a 200 day moving average price of $6.10. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01.

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. 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.