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 increase in short interest in the month of October. As of October 31st, there was short interest totalling 71,600 shares, an increase of 16.0% from the October 15th total of 61,700 shares. Based on an average daily trading volume, of 54,100 shares, the short-interest ratio is presently 1.3 days. Approximately 1.3% of the shares of the company are short sold.

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

A hedge fund recently bought a new stake in Eco Wave Power Global AB (publ) stock. Catalina Capital Group LLC bought a new stake in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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) at the end of the most recent quarter. Hedge funds and other institutional investors own 0.57% of the company’s stock.

Eco Wave Power Global AB (publ) Stock Down 6.3 %

WAVE stock opened at $6.56 on Friday. The stock has a market capitalization of $36.41 million, a price-to-earnings ratio of -18.22 and a beta of -0.71. The company has a 50-day moving average of $6.33 and a two-hundred day moving average of $4.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.46 and a quick ratio of 3.46. Eco Wave Power Global AB has a 52-week low of $1.01 and a 52-week high of $12.39.

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

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.