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

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the target of a large drop in short interest during 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. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is currently 0.1 days.

Greenwave Technology Solutions Trading Up 2.4 %

Shares of Greenwave Technology Solutions stock opened at $0.46 on Tuesday. The business has a fifty day simple moving average of $0.43 and a two-hundred day simple moving average of $3.91. Greenwave Technology Solutions has a 1 year low of $0.37 and a 1 year high of $154.50. 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 (NASDAQ:GWAV) last announced its quarterly earnings results 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 for the quarter.

About Greenwave Technology Solutions

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.