Short Interest in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Increases By 54.0%
1,530,000 shares, an increase of 75.2% from the April 30th total of 870,000 shares. Based on an average daily trading volume, of 844,000 shares, the short-interest ratio is presently 1.8 days. The number of shares shorted has increased 75.2% in the month of May.
( ) has been the subject of an increase in short-term interest that was significant during the month May. On May 31, there were 137,700 shorted shares. This is a 54.0% increase from the total of 89.400 shares on May 15. The short-interest rate is currently 2.9 days based on an average daily share volume of 46700. Around 1.2% of a company's stock is sold short.
Greenwave Technology Solutions Price Performance
The price of the stock rose $0.02 to $0.88 at midday on Friday. The company's average trading volume is 76,434. Greenwave Technology Solutions's 1 year low is $0.77, and its 1 year high is $8.24. The company's current ratio is 0.05. Its quick ratio is 0.03, and its debt-to equity ratio is 0.86. The company last announced its quarterly results on May 15th. The company posted ($0.36) per share earnings for the quarter. Revenue for the quarter was $9.04 millions. Greenwave Technology Solutions' negative net margin was 102.40%, and its negative return on equity was 374.07%.
Inflows of Institutional Capital and Outflows
Recently, large investors bought and sold shares in the company. Geode Capital Management LLC has increased its stake in Greenwave Technology Solutions in the fourth quarter by 19.6%. Geode Capital Management LLC owns now 55,679 of the company stock valued at $49,000. This is after buying an additional 9,123 share during the last quarter. UBS Group AG purchased a new Greenwave Technology Solutions position during the third quarter, valued at approximately $56,000. Truist Financial Corp purchased a new Greenwave Technology Solutions position in the first quarter for about $59,000. Anson Funds Management LP purchased a new Greenwave Technology Solutions position in the third quarter, worth approximately $566,000. Empery Asset Management LP also acquired a position in Greenwave Technology Solutions during the third quarter, worth approximately $1,071,000. Institutional investors and hedge fund own 22.59%.
Greenwave Technology Solutions
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Greenwave Technology Solutions, Inc. operates metal recycling facilities through its subsidiary in Virginia, Ohio, North Carolina, and Ohio. Through its 11 metal recycling plants, the company collects, classesifies and processes raw ferrous and nonferrous scrap metals to recycle iron, steel and other metals such as aluminum, copper and lead.
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