Eco Wave Power Global AB (publ) (NASDAQ:WAVE - Get Free Report) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 88,200 shares, a growth of 38.2% from the December 15th total of 63,800 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily volume of 116,300 shares, the short-interest ratio is currently 0.8 days.
Eco Wave Power Global AB (publ) Stock Performance
WAVE stock traded up $1.50 during mid-day trading on Thursday, hitting $11.21. 47,936 shares of the company were exchanged, compared to its average volume of 83,314. The business has a 50 day simple moving average of $10.89 and a 200-day simple moving average of $6.79. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $62.10 million, a PE ratio of -26.07 and a beta of -0.68. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $17.63.
Institutional Investors 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. Catalina Capital Group LLC acquired a new position in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,099 shares of the company's stock, valued at approximately $113,000. Catalina Capital Group LLC owned about 0.34% of Eco Wave Power Global AB (publ) as of its most recent SEC filing. Hedge funds and other institutional investors own 0.57% of the company's stock.
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. 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.
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