Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Down 17.8% in March

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 3,040,000 shares, a decrease of 17.8% from the February 28th total of 3,700,000 shares. Based on an average trading volume of 3,860,000 shares, the short-interest ratio is currently 0.8 days. Currently, 5.5% of the shares of the company are sold short.

Greenwave Technology Solutions Stock Performance

GWAV stock traded down $0.00 during midday trading on Tuesday, reaching $0.23. The stock had a trading volume of 369,225 shares, compared to its average volume of 4,808,710. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.52. The firm has a fifty day simple moving average of $0.32 and a two-hundred day simple moving average of $0.43. The stock has a market cap of $9.29 million, a PE ratio of 0.00 and a beta of 1.32. Greenwave Technology Solutions has a 52-week low of $0.22 and a 52-week high of $44.48.

Institutional Investors Weigh In On Greenwave Technology Solutions

An institutional investor recently raised its position in Greenwave Technology Solutions stock. Geode Capital Management LLC boosted its holdings in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 134.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 177,055 shares of the company’s stock after buying an additional 101,579 shares during the quarter. Geode Capital Management LLC owned 0.79% of Greenwave Technology Solutions worth $124,000 at the end of the most recent reporting period. 15.64% of the stock is currently owned by institutional investors and hedge funds.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.