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

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 678,800 shares, an increase of 617.5% from the October 15th total of 94,600 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,440,000 shares, the days-to-cover ratio is presently 0.5 days.

Greenwave Technology Solutions Stock Down 4.8 %

Shares of NASDAQ GWAV traded down $0.02 during trading hours on Tuesday, hitting $0.40. The company had a trading volume of 1,176,271 shares, compared to its average volume of 1,154,492. The firm’s 50 day moving average is $0.41 and its 200-day moving average is $2.82. Greenwave Technology Solutions has a 1-year low of $0.37 and a 1-year high of $154.50. The stock has a market capitalization of $8.00 million, a P/E ratio of 0.00 and a beta of 1.71. The company has a quick ratio of 2.01, a current ratio of 2.10 and a debt-to-equity ratio of 0.09.

Greenwave Technology Solutions (NASDAQ:GWAV) last posted its quarterly earnings data on Friday, August 16th. The company reported ($11.84) earnings per share for the quarter. The firm had revenue of $7.88 million for the quarter. Greenwave Technology Solutions had a negative return on equity of 274.83% and a negative net margin of 63.65%.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.