Eco Wave Power Global AB (publ) (NASDAQ:WAVE - Get Free Report) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 97,300 shares, an increase of 38.6% from the November 15th total of 70,200 shares. Based on an average daily volume of 87,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.8% of the shares of the stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Eco Wave Power Global AB (publ) stock. Catalina Capital Group LLC purchased a new position in Eco Wave Power Global AB (publ) (NASDAQ:WAVE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,099 shares of the company's stock, valued at approximately $113,000. Catalina Capital Group LLC owned 0.34% of Eco Wave Power Global AB (publ) at the end of the most recent reporting period. 0.57% of the stock is owned by institutional investors and hedge funds.
Eco Wave Power Global AB (publ) Price Performance
Shares of WAVE traded up $1.31 during trading hours on Friday, reaching $15.00. The company had a trading volume of 89,181 shares, compared to its average volume of 313,377. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01. Eco Wave Power Global AB has a 12-month low of $1.01 and a 12-month high of $17.63. The firm has a 50 day simple moving average of $9.12 and a 200-day simple moving average of $5.38. The company has a market capitalization of $83.25 million, a price-to-earnings ratio of -34.88 and a beta of -0.66.
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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