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

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) 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) 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”.

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) 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

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.