Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Up 218.1% in January

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 113,939 shares, a growth of 218.1% from the January 15th total of 35,823 shares. Based on an average daily volume of 636,222 shares, the days-to-cover ratio is currently 0.2 days. Approximately 14.3% of the company’s stock are short sold. Approximately 14.3% of the company’s stock are short sold. Based on an average daily volume of 636,222 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GWAV shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Greenwave Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Greenwave Technology Solutions Stock Performance

Shares of NASDAQ GWAV traded down $0.23 during midday trading on Wednesday, hitting $4.14. 26,687 shares of the company’s stock were exchanged, compared to its average volume of 315,340. The company has a quick ratio of 0.45, a current ratio of 0.51 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.44 million, a PE ratio of -0.07 and a beta of 0.05. Greenwave Technology Solutions has a 12 month low of $3.91 and a 12 month high of $42.34. The company’s 50 day moving average price is $5.42 and its 200 day moving average price is $8.36.

Greenwave Technology Solutions (NASDAQ:GWAV) last released its quarterly earnings data on Thursday, February 5th. The company reported ($8.98) EPS for the quarter. The company had revenue of $11.00 million for the quarter. Greenwave Technology Solutions had a negative return on equity of 78.14% and a negative net margin of 92.92%.

Institutional Trading of Greenwave Technology Solutions

An institutional investor recently bought a new position in Greenwave Technology Solutions stock. XTX Topco Ltd acquired a new position in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned 0.24% of Greenwave Technology Solutions at the end of the most recent reporting period. Institutional investors own 15.64% of the company’s stock.

About Greenwave Technology Solutions

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.