Short Interest in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Expands By 55.8%

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 35,823 shares, a growth of 55.8% from the December 31st total of 22,996 shares. Based on an average trading volume of 49,143 shares, the days-to-cover ratio is currently 0.7 days. Currently, 4.5% of the shares of the stock are short sold. Currently, 4.5% of the shares of the stock are short sold. Based on an average trading volume of 49,143 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Greenwave Technology Solutions in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently 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 stake in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned approximately 0.24% of Greenwave Technology Solutions at the end of the most recent quarter. Institutional investors and hedge funds own 15.64% of the company’s stock.

Greenwave Technology Solutions Stock Performance

Greenwave Technology Solutions stock traded up $0.17 during trading on Monday, reaching $4.74. The company had a trading volume of 20,886 shares, compared to its average volume of 349,437. Greenwave Technology Solutions has a 12-month low of $4.25 and a 12-month high of $59.63. The stock’s 50 day moving average price is $5.59 and its two-hundred day moving average price is $9.55. The firm has a market capitalization of $3.93 million, a price-to-earnings ratio of 0.00 and a beta of 0.05.

Greenwave Technology Solutions (NASDAQ:GWAV) last issued its earnings results on Wednesday, November 19th. The company reported ($17.85) earnings per share for the quarter. The company had revenue of $7.33 million during the quarter.

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.