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

EnWave Co. (OTCMKTS:NWVCF) was the recipient of 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 trading volume, of 128,501 shares, the short-interest ratio is currently 4.9 days.

EnWave Price Performance

NWVCF traded up $0.00 during midday trading on Monday, hitting $0.18. 711 shares of the company’s stock traded hands, compared to its average volume of 35,170. The stock’s fifty day simple moving average is $0.17 and its 200-day simple moving average is $0.21. EnWave has a one year low of $0.15 and a one year high of $0.36.

EnWave Company Profile

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.