EnWave Co. (OTCMKTS:NWVCF) Sees Significant Increase in Short Interest

EnWave Co. (OTCMKTS:NWVCF) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 631,073 shares, a growth of 158.9% from the June 30th total of 243,767 shares. Based on an average daily volume of 128,501 shares, the days-to-cover ratio is currently 4.9 days.

EnWave Price Performance

Shares of OTCMKTS NWVCF traded up $0.01 during trading hours on Tuesday, reaching $0.17. 8,275 shares of the stock were exchanged, compared to its average volume of 35,133. The stock’s fifty day simple moving average is $0.17 and its 200 day simple moving average is $0.21. EnWave has a 52 week low of $0.15 and a 52 week high of $0.36.

About EnWave

EnWave Corporation is a Canadian technology company specializing in the development and licensing of industrial-scale dehydration solutions for the food, pharmaceutical and agricultural sectors. At the heart of its offering is the patented Radiant Energy Vacuum (REV®) technology, which combines vacuum, microwave energy and conductive heat to rapidly remove moisture while preserving nutritional quality, color and flavor. EnWave’s platform is designed to provide food producers and ingredient manufacturers with scalable, energy-efficient alternatives to traditional freeze-drying, air drying and other dehydration methods.

EnWave generates revenue primarily through equipment sales, licensing fees and ongoing royalty streams from licensees that operate its REV® machines.