Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Short Interest Up 38.2% in December

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 88,200 shares, a growth of 38.2% from the December 15th total of 63,800 shares. Based on an average trading volume of 116,300 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.7% of the company’s stock are sold short.

Eco Wave Power Global AB (publ) Price Performance

Shares of WAVE stock opened at $10.37 on Friday. The firm has a fifty day moving average of $10.97 and a two-hundred day moving average of $6.82. The firm has a market cap of $57.45 million, a P/E ratio of -24.12 and a beta of -0.68. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $17.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 3.26.

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 acquired a new position in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,099 shares of the company’s stock, valued at approximately $113,000. Catalina Capital Group LLC owned 0.34% of Eco Wave Power Global AB (publ) as of its most recent SEC filing. 0.57% of the stock is owned by institutional investors.

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.