EnWave Co. (OTCMKTS:NWVCF) Sees Large Increase in Short Interest

EnWave Co. (OTCMKTS:NWVCF) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 631,073 shares, an increase of 158.9% from the June 30th total of 243,767 shares. Based on an average daily trading volume, of 128,501 shares, the days-to-cover ratio is presently 4.9 days.

EnWave Trading Up 0.6%

Shares of EnWave stock traded up $0.00 during midday trading on Monday, hitting $0.18. The company had a trading volume of 711 shares, compared to its average volume of 35,170. EnWave has a 1-year low of $0.15 and a 1-year high of $0.36. The business’s 50 day simple moving average is $0.17 and its two-hundred day simple moving average is $0.21.

EnWave Company Profile

EnWave Corporation is a Canadian technology company specializing in the development and licensing of industrial-scale dehydration solutions for the food, pharmaceutical and agricultural sectors. At the heart of its offering is the patented Radiant Energy Vacuum (REV®) technology, which combines vacuum, microwave energy and conductive heat to rapidly remove moisture while preserving nutritional quality, color and flavor. EnWave’s platform is designed to provide food producers and ingredient manufacturers with scalable, energy-efficient alternatives to traditional freeze-drying, air drying and other dehydration methods.

EnWave generates revenue primarily through equipment sales, licensing fees and ongoing royalty streams from licensees that operate its REV® machines.