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 increase in short interest in November. As of November 30th, there was short interest totalling 97,300 shares, an increase of 38.6% from the November 15th total of 70,200 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 87,200 shares, the days-to-cover ratio is presently 1.1 days.

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

Shares of NASDAQ WAVE opened at $15.00 on Friday. The firm’s 50 day moving average price is $9.12 and its 200-day moving average price is $5.40. Eco Wave Power Global AB has a 52-week low of $1.01 and a 52-week high of $17.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.26 and a current ratio of 3.26. The company has a market cap of $83.25 million, a PE ratio of -34.88 and a beta of -0.66.

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 bought a new stake in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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. Institutional investors and hedge funds own 0.57% of the company’s stock.

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.