Short Interest in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Expands By 16.0%

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 71,600 shares, a growth of 16.0% from the October 15th total of 61,700 shares. Based on an average daily volume of 54,100 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.3% of the company’s stock are sold short.

Eco Wave Power Global AB (publ) Price Performance

Shares of NASDAQ WAVE opened at $6.56 on Friday. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01. The firm has a market cap of $36.41 million, a PE ratio of -18.22 and a beta of -0.71. The company has a fifty day moving average price of $6.33 and a 200 day moving average price of $4.28. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $12.39.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last issued its quarterly earnings results on Thursday, August 29th. The company reported ($0.09) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Eco Wave Power Global AB (publ)

An institutional investor recently bought a new position 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) 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. 0.57% of the stock is owned by institutional investors and hedge funds.

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.