Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Short Interest Up 16.0% in October

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 71,600 shares, an increase of 16.0% from the October 15th total of 61,700 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 54,100 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,099 shares of the company’s stock, valued at approximately $113,000. Catalina Capital Group LLC owned approximately 0.34% of Eco Wave Power Global AB (publ) at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.57% of the company’s stock.

Eco Wave Power Global AB (publ) Price Performance

WAVE opened at $7.00 on Friday. Eco Wave Power Global AB has a one year low of $1.01 and a one year high of $12.39. The company has a fifty day moving average price of $6.28 and a 200-day moving average price of $4.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.46 and a current ratio of 3.46.

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

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.