Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Short Interest Up 38.6% in November

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 97,300 shares, a growth of 38.6% from the November 15th total of 70,200 shares. Based on an average daily trading volume, of 87,200 shares, the short-interest ratio is presently 1.1 days. Currently, 1.8% of the shares of the stock are short sold.

Institutional Investors 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 stake in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in the 3rd quarter, according to the company in its most recent 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 currently owned by hedge funds and other institutional investors.

Eco Wave Power Global AB (publ) Trading Up 9.6 %

WAVE stock opened at $15.00 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 3.26. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $17.63. The business has a 50 day simple moving average of $9.12 and a two-hundred day simple moving average of $5.40. The company has a market capitalization of $83.25 million, a price-to-earnings ratio of -34.88 and a beta of -0.66.

Eco Wave Power Global AB (publ) Company Profile

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.