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

Posted by Trent Williams on Feb 1st, 2025

Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 40,700 shares, a drop of 53.9% from the December 31st total of 88,200 shares. Based on an average trading volume of 96,900 shares, the short-interest ratio is presently 0.4 days. Currently, 0.8% of the shares of the company are sold short.

Eco Wave Power Global AB (publ) Price Performance

Shares of NASDAQ WAVE traded up $0.42 during midday trading on Friday, hitting $8.51. The stock had a trading volume of 29,671 shares, compared to its average volume of 55,117. 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 stock has a 50 day simple moving average of $11.25 and a 200-day simple moving average of $7.32. The company has a market capitalization of $47.23 million, a PE ratio of -19.79 and a beta of -0.68. Eco Wave Power Global AB has a 1 year low of $1.01 and a 1 year high of $17.63.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Free Report) last issued its earnings results on Thursday, November 21st. The company reported ($0.10) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Eco Wave Power Global AB (publ) stock. Catalina Capital Group LLC acquired a new stake in Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 quarter. 0.57% of the stock is owned by hedge funds and other institutional investors.

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.