Short Interest in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Drops By 90.5%

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 900 shares, a decline of 90.5% from the March 15th total of 9,500 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 616,300 shares, the days-to-cover ratio is currently 0.0 days.

Eco Wave Power Global AB (publ) Trading Up 21.6 %

WAVE opened at $3.66 on Thursday. Eco Wave Power Global AB has a fifty-two week low of $1.01 and a fifty-two week high of $4.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market capitalization of $20.31 million, a price-to-earnings ratio of -10.46 and a beta of -0.21. The company’s 50 day moving average price is $1.45 and its two-hundred day moving average price is $1.76.

Institutional Investors Weigh In On Eco Wave Power Global AB (publ)

A hedge fund recently bought a new stake in Eco Wave Power Global AB (publ) stock. Jane Street Group LLC bought a new stake in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 12,272 shares of the company’s stock, valued at approximately $66,000. Jane Street Group LLC owned 0.22% of Eco Wave Power Global AB (publ) as of its most recent SEC filing. 0.57% of the stock is currently owned by institutional investors.

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. It also operates a grid-connected wave energy array in Gibraltar under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company.