Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE) Short Interest Update
by Michael Walen · The Markets DailyEco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE – Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,535 shares, a decrease of 46.4% from the March 15th total of 4,728 shares. Based on an average trading volume of 15,526 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.
Eco Wave Power Global AB (publ) Stock Up 0.9%
Shares of WAVE opened at $6.05 on Monday. Eco Wave Power Global AB has a 12-month low of $4.41 and a 12-month high of $9.87. The firm has a market capitalization of $35.34 million, a PE ratio of -9.45 and a beta of -0.57. The stock’s fifty day simple moving average is $5.55 and its 200-day simple moving average is $6.42.
Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.01.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on WAVE
Hedge Funds Weigh In On Eco Wave Power Global AB (publ)
An institutional investor recently bought a new position in Eco Wave Power Global AB (publ) stock. SmartHarvest Portfolios LLC purchased a new stake in shares of Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,361 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned 0.24% of Eco Wave Power Global AB (publ) as of its most recent SEC filing. Institutional investors own 0.57% of the company’s stock.
Eco Wave Power Global AB (publ) Company Profile
Eco Wave Power Global AB (publ) develops and commercializes technology that harnesses the energy of ocean and sea waves to generate electricity. The company’s modular, floating wave energy converters attach to existing maritime structures such as breakwaters and piers, converting vertical wave motion into electrical power through hydraulic systems and generators. This approach is designed to minimize environmental impact while delivering a predictable renewable energy source.
Founded in 2011 by CEO Inna Braverman, Eco Wave Power has secured patent protection for its core wave energy technology and completed its first grid-connected installation in Gibraltar in 2016.