Short Interest in Alphawave IP Group plc (OTCMKTS:AWEVF) Rises By 136.2%

Alphawave IP Group plc (OTCMKTS:AWEVF) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 366,100 shares, a growth of 136.2% from the January 15th total of 155,000 shares. Based on an average daily volume of 203,800 shares, the days-to-cover ratio is currently 1.8 days.

Alphawave IP Group Price Performance

OTCMKTS:AWEVF traded up $0.05 during trading hours on Friday, hitting $1.68. 81,000 shares of the stock traded hands, compared to its average volume of 148,028. Alphawave IP Group has a 1 year low of $1.02 and a 1 year high of $2.62. The stock has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.58.

About Alphawave IP Group

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.