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

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 63,800 shares, a drop of 34.4% from the November 30th total of 97,300 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 108,500 shares, the days-to-cover ratio is currently 0.6 days.

Eco Wave Power Global AB (publ) Trading Down 1.2 %

Shares of WAVE stock opened at $13.00 on Monday. Eco Wave Power Global AB has a 1 year low of $1.01 and a 1 year high of $17.63. The company’s fifty day simple moving average is $10.47 and its two-hundred day simple moving average is $6.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 3.26. The stock has a market capitalization of $72.14 million, a price-to-earnings ratio of -30.23 and a beta of -0.66.

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) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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) at the end of the most recent reporting period. Institutional investors own 0.57% of the company’s stock.

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. 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.