Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE) Short Interest Update

Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 715 shares, a decrease of 82.4% from the January 29th total of 4,067 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 11,242 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 11,242 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Eco Wave Power Global AB (publ) Price Performance

Shares of NASDAQ:WAVE traded up $0.13 on Wednesday, reaching $4.90. 6,642 shares of the company traded hands, compared to its average volume of 10,662. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.80 and a quick ratio of 2.80. The stock has a market capitalization of $27.20 million, a PE ratio of -8.17 and a beta of -0.46. The company’s 50 day moving average is $5.42 and its 200-day moving average is $6.97. Eco Wave Power Global AB has a fifty-two week low of $4.41 and a fifty-two week high of $9.87.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Eco Wave Power Global AB (publ) stock. SmartHarvest Portfolios LLC bought a new stake in shares of Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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 and hedge funds 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.