Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Sells $25,000.00 in Stock

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Jason T. Adelman sold 100,000 shares of Greenwave Technology Solutions stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $0.25, for a total value of $25,000.00. Following the sale, the director now owns 300,000 shares in the company, valued at $75,000. This trade represents a 25.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Greenwave Technology Solutions Stock Up 2.0 %

GWAV opened at $0.26 on Friday. The business’s 50-day simple moving average is $0.46 and its 200-day simple moving average is $0.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.52. Greenwave Technology Solutions, Inc. has a one year low of $0.24 and a one year high of $117.00. The stock has a market capitalization of $10.32 million, a P/E ratio of 0.00 and a beta of 1.32.

Institutional Trading of Greenwave Technology Solutions

A hedge fund recently raised its stake in Greenwave Technology Solutions stock. Geode Capital Management LLC lifted its position in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 134.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,055 shares of the company’s stock after purchasing an additional 101,579 shares during the period. Geode Capital Management LLC owned about 0.79% of Greenwave Technology Solutions worth $124,000 at the end of the most recent reporting period. 15.64% of the stock is currently owned by hedge funds and other institutional investors.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.