Short Interest in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Expands By 120.4%

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 61,700 shares, a growth of 120.4% from the September 30th total of 28,000 shares. Based on an average trading volume of 44,900 shares, the short-interest ratio is currently 1.4 days. Currently, 1.2% of the shares of the company are sold short.

Eco Wave Power Global AB (publ) Stock Up 11.4 %

WAVE traded up $1.05 on Monday, reaching $10.25. 62,249 shares of the stock were exchanged, compared to its average volume of 344,341. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.46 and a current ratio of 3.46. The company’s 50-day moving average price is $5.10 and its 200 day moving average price is $3.81. Eco Wave Power Global AB has a fifty-two week low of $1.01 and a fifty-two week high of $12.39.

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

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.