Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Update

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 690,200 shares, a growth of 5.9% from the August 15th total of 651,900 shares. Based on an average trading volume of 1,590,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 3.6% of the company’s stock are sold short.

Greenwave Technology Solutions Price Performance

NASDAQ GWAV opened at $0.42 on Thursday. The company has a 50 day moving average price of $0.80 and a two-hundred day moving average price of $11.86. The company has a quick ratio of 2.01, a current ratio of 2.10 and a debt-to-equity ratio of 0.09. Greenwave Technology Solutions has a 12-month low of $0.38 and a 12-month high of $154.50. The stock has a market capitalization of $1.81 million, a PE ratio of 0.00 and a beta of 1.71.

Greenwave Technology Solutions (NASDAQ:GWAV) last posted its quarterly earnings data on Friday, August 16th. The company reported ($11.84) earnings per share (EPS) for the quarter. Greenwave Technology Solutions had a negative net margin of 63.65% and a negative return on equity of 274.83%. The business 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.