Short Interest in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Increases By 32.8%

Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Rating) was the recipient of a significant growth in short interest in December. As of December 30th, there was short interest totalling 18,200 shares, a growth of 32.8% from the December 15th total of 13,700 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is presently 2.2 days.

Eco Wave Power Global AB (publ) Stock Performance

Shares of WAVE opened at $3.70 on Friday. The stock has a 50 day moving average price of $3.80 and a 200 day moving average price of $4.12. The company has a quick ratio of 6.10, a current ratio of 6.03 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $20.50 million, a price-to-earnings ratio of -8.40 and a beta of 0.49. Eco Wave Power Global AB has a 52-week low of $2.53 and a 52-week high of $7.80.

Hedge Funds Weigh In On Eco Wave Power Global AB (publ)

A hedge fund recently bought a new stake in Eco Wave Power Global AB (publ) stock. Jane Street Group LLC purchased a new stake in Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Rating) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,272 shares of the company’s stock, valued at approximately $66,000. Jane Street Group LLC owned approximately 0.22% of Eco Wave Power Global AB (publ) as of its most recent SEC filing. 3.41% of the stock is owned by institutional investors and hedge funds.

About Eco Wave Power Global AB (publ)

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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. It also operates a grid-connected wave energy array in Gibraltar under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company.