Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Stock Short Interest Report for October

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 27,762 shares, a decrease of 35.4% from the September 30th total of 43,002 shares. Based on an average daily volume of 10,045 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.5% of the company’s shares are sold short.

Greenwave Technology Solutions Price Performance

Shares of NASDAQ:GWAV opened at $1.91 on Monday. The firm has a fifty day moving average price of $3.11 and a 200 day moving average price of $3.58. Greenwave Technology Solutions has a 1-year low of $1.91 and a 1-year high of $8.50. The stock has a market cap of $1.59 million, a P/E ratio of -0.09 and a beta of -0.13. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.23 and a quick ratio of 0.12.

Greenwave Technology Solutions (NASDAQ:GWAV) last issued its earnings results on Tuesday, August 18th. The company reported ($3.91) EPS for the quarter. The company had revenue of $16.00 million for the quarter. Greenwave Technology Solutions had a negative return on equity of 64.32% and a negative net margin of 27.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Insider Activity

In other Greenwave Technology Solutions news, CEO Danny Meeks bought 2,152,853 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was bought at an average price of $3.72 per share, with a total value of $8,008,613.16. Following the completion of the purchase, the chief executive officer directly owned 2,188,354 shares in the company, valued at $8,140,676.88. The trade was a 6,064.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.00% of the stock is owned by corporate insiders.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc (NASDAQ: GWAV) is a metal recycling company that operates scrap metal processing facilities in the Mid-Atlantic region of the United States. The company purchases, collects, processes and sells ferrous and non-ferrous metals recovered from sources such as automobiles, appliances, construction materials and industrial equipment.

Greenwave’s operations are focused primarily in Virginia and North Carolina, where its facilities prepare recyclable metals for resale to steel mills, foundries and other industrial customers.