Alphawave IP Group plc (OTCMKTS:AWEVF) Sees Significant Growth in Short Interest

Alphawave IP Group plc (OTCMKTS:AWEVF) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,019,400 shares, an increase of 352.1% from the March 31st total of 225,500 shares. Based on an average daily volume of 296,000 shares, the days-to-cover ratio is presently 3.4 days.

Alphawave IP Group Stock Performance

Shares of AWEVF stock traded up $0.11 on Monday, hitting $1.60. The stock had a trading volume of 325,300 shares, compared to its average volume of 107,650. The business has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.52. Alphawave IP Group has a one year low of $1.02 and a one year high of $2.10.

About Alphawave IP Group

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.