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

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 35,823 shares, a growth of 55.8% from the December 31st total of 22,996 shares. Based on an average daily trading volume, of 49,143 shares, the days-to-cover ratio is currently 0.7 days. Approximately 4.5% of the company’s stock are short sold. Approximately 4.5% of the company’s stock are short sold. Based on an average daily trading volume, of 49,143 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Greenwave Technology Solutions Stock Performance

Shares of GWAV stock traded down $0.12 during midday trading on Friday, hitting $4.57. 31,160 shares of the company were exchanged, compared to its average volume of 364,346. Greenwave Technology Solutions has a 52 week low of $4.25 and a 52 week high of $59.63. The firm has a market capitalization of $3.79 million, a P/E ratio of 0.00 and a beta of -0.34. The firm’s 50 day moving average price is $5.59 and its two-hundred day moving average price is $9.65.

Greenwave Technology Solutions (NASDAQ:GWAV) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($17.85) earnings per share for the quarter. The business had revenue of $7.33 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Greenwave Technology Solutions stock. XTX Topco Ltd acquired a new position in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned 0.24% of Greenwave Technology Solutions at the end of the most recent reporting period. 15.64% of the stock is owned by institutional investors and hedge funds.

Greenwave Technology Solutions Company Profile

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.