Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Update

by · The Markets Daily

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 22,996 shares, a decrease of 70.2% from the December 15th total of 77,091 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily trading volume, of 36,588 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 36,588 shares, the short-interest ratio is currently 0.6 days. Currently, 2.9% of the company’s shares are sold short.

Greenwave Technology Solutions Price Performance

Shares of GWAV stock traded down $0.27 on Tuesday, hitting $4.59. The stock had a trading volume of 23,325 shares, compared to its average volume of 48,650. Greenwave Technology Solutions has a 12-month low of $4.25 and a 12-month high of $59.63. The stock has a market cap of $3.81 million, a price-to-earnings ratio of 0.00 and a beta of -0.34. The business has a 50 day moving average of $5.95 and a 200 day moving average of $11.28.

Greenwave Technology Solutions (NASDAQ:GWAV – Get Free Report) last announced its earnings results on Wednesday, November 19th. The company reported ($17.85) earnings per share for the quarter. The firm had revenue of $7.33 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Greenwave Technology Solutions in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Greenwave Technology Solutions presently has an average rating of “Sell”.

Read Our Latest Report on GWAV

Institutional Investors Weigh In On Greenwave Technology Solutions

An institutional investor recently bought a new position in Greenwave Technology Solutions stock. XTX Topco Ltd purchased a new position in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned about 0.24% of Greenwave Technology Solutions at the end of the most recent reporting period. 15.64% of the stock is currently owned by institutional investors.

Greenwave Technology Solutions Company Profile

(Get Free Report)

Greenwave Technology Solutions, Inc (NASDAQ: GWAV) is a developer of Internet of Things (IoT) connectivity management solutions. The company’s cloud-native platform enables enterprises and service providers to orchestrate, monitor and secure cellular data connections across a variety of devices and network operators, offering features such as remote provisioning, subscription management and real-time analytics.

Its core offerings include eSIM management, multi-operator roaming orchestration and automated compliance tools designed to simplify the deployment and lifecycle management of large-scale IoT and machine-to-machine (M2M) connectivity projects.

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