Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Short Interest Update

Posted by Tyrone Williams on Jan 17th, 2025

Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Free Report) saw a large growth in short interest in 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. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 116,300 shares, the days-to-cover ratio is currently 0.8 days.

Eco Wave Power Global AB (publ) Stock Up 15.4 %

Shares of NASDAQ:WAVE opened at $11.21 on Friday. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $10.89 and its 200 day moving average is $6.79. The stock has a market cap of $62.10 million, a P/E ratio of -26.07 and a beta of -0.68. Eco Wave Power Global AB has a 52-week low of $1.01 and a 52-week high of $17.63.

Institutional Trading of 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 purchased a new position in Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.57% of the company’s stock.

About Eco Wave Power Global AB (publ)

(Get Free Report)

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.