Short Interest in Alphawave IP Group plc (OTCMKTS:AWEVF) Expands By 136.2%

Alphawave IP Group plc (OTCMKTS:AWEVF) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 366,100 shares, an increase of 136.2% from the January 15th total of 155,000 shares. Based on an average trading volume of 203,800 shares, the days-to-cover ratio is currently 1.8 days.

Alphawave IP Group Stock Performance

Shares of OTCMKTS AWEVF opened at $1.74 on Friday. The firm has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $1.58. Alphawave IP Group has a 12 month low of $1.02 and a 12 month high of $2.62.

About Alphawave IP Group

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.