Short Interest in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Drops By 15.3%

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 94,600 shares, a drop of 15.3% from the September 30th total of 111,700 shares. Based on an average daily trading volume, of 1,690,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.5% of the shares of the company are short sold.

Greenwave Technology Solutions Stock Performance

GWAV stock opened at $0.46 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 2.01 and a debt-to-equity ratio of 0.09. The business’s fifty day moving average price is $0.43 and its two-hundred day moving average price is $3.91. Greenwave Technology Solutions has a fifty-two week low of $0.37 and a fifty-two week high of $154.50.

Greenwave Technology Solutions (NASDAQ:GWAV) last issued its quarterly earnings results on Friday, August 16th. The company reported ($11.84) EPS for the quarter. Greenwave Technology Solutions had a negative return on equity of 274.83% and a negative net margin of 63.65%. The company had revenue of $7.88 million during the quarter.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.