Short Interest in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Declines By 53.9%

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 40,700 shares, a drop of 53.9% from the December 31st total of 88,200 shares. Based on an average daily trading volume, of 96,900 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.8% of the company’s stock are short sold.

Eco Wave Power Global AB (publ) Stock Down 0.2 %

WAVE stock opened at $8.09 on Friday. The company’s 50 day moving average price is $11.28 and its 200 day moving average price is $7.28. Eco Wave Power Global AB has a fifty-two week low of $1.01 and a fifty-two 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.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last announced its quarterly earnings data on Thursday, November 21st. The company reported ($0.10) earnings per share for the quarter.

Institutional Trading of Eco Wave Power Global AB (publ)

A hedge fund recently raised its stake in Eco Wave Power Global AB (publ) stock. Catalina Capital Group LLC lifted its stake in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,338 shares of the company’s stock after purchasing an additional 4,239 shares during the quarter. Catalina Capital Group LLC owned about 0.42% of Eco Wave Power Global AB (publ) worth $257,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.57% of the company’s stock.

About Eco Wave Power Global AB (publ)

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.