Eco Wave Power Global AB (publ) (NASDAQ:WAVE - Get Free Report) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 63,800 shares, a decline of 34.4% from the November 30th total of 97,300 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 108,500 shares, the days-to-cover ratio is currently 0.6 days.
Eco Wave Power Global AB (publ) Price Performance
Shares of WAVE traded down $0.84 during mid-day trading on Friday, reaching $13.16. The stock had a trading volume of 78,872 shares, compared to its average volume of 305,667. The firm has a market cap of $73.02 million, a price-to-earnings ratio of -30.60 and a beta of -0.66. Eco Wave Power Global AB has a 12 month low of $1.01 and a 12 month high of $17.63. The business has a fifty day moving average of $10.47 and a 200 day moving average of $6.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.26 and a current ratio of 3.26.
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 bought a new position in Eco Wave Power Global AB (publ) (NASDAQ:WAVE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,099 shares of the company's stock, valued at approximately $113,000. Catalina Capital Group LLC owned approximately 0.34% of Eco Wave Power Global AB (publ) as of its most recent filing with the Securities & Exchange Commission. 0.57% of the stock is owned by institutional investors.
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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