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

Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 18,000 shares, a drop of 28.3% from the September 30th total of 25,100 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 29,500 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 29,500 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Eco Wave Power Global AB (publ) Trading Down 2.6%

Shares of NASDAQ:WAVE opened at $7.40 on Tuesday. Eco Wave Power Global AB has a 12 month low of $4.41 and a 12 month high of $17.63. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $8.35 and its 200 day simple moving average is $7.27. The firm has a market cap of $41.07 million, a price-to-earnings ratio of -13.70 and a beta of -0.49.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.11). The business had revenue of $0.10 million for the quarter, compared to analysts’ expectations of $0.10 million.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WAVE shares. Wall Street Zen lowered shares of Eco Wave Power Global AB (publ) from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Eco Wave Power Global AB (publ) presently has a consensus rating of “Hold” and a consensus price target of $14.50.

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.