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

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 426,400 shares, a growth of 47,277.8% from the March 31st total of 900 shares. Approximately 8.0% of the company’s shares are short sold. Based on an average daily volume of 1,030,000 shares, the days-to-cover ratio is currently 0.4 days.

Eco Wave Power Global AB (publ) Stock Down 15.4 %

NASDAQ:WAVE opened at $2.74 on Friday. Eco Wave Power Global AB has a 1 year low of $1.01 and a 1 year high of $4.94. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.01. The stock has a market cap of $15.21 million, a price-to-earnings ratio of -7.83 and a beta of -0.21. The stock has a 50-day moving average price of $1.97 and a two-hundred day moving average price of $1.83.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last posted its earnings results on Friday, March 29th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $0.28 million during the quarter.

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. 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.