Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Sees Large Decline in Short Interest

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 94,600 shares, a decline of 15.3% from the September 30th total of 111,700 shares. Based on an average daily trading volume, of 1,690,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.5% of the company’s shares are short sold.

Greenwave Technology Solutions Stock Performance

Shares of GWAV opened at $0.42 on Thursday. The firm’s fifty day simple moving average is $0.43 and its two-hundred day simple moving average is $3.79. Greenwave Technology Solutions has a 12 month low of $0.37 and a 12 month high of $154.50. The company has a current ratio of 2.10, a quick ratio of 2.01 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $8.54 million, a P/E ratio of 0.00 and a beta of 1.71.

Greenwave Technology Solutions (NASDAQ:GWAV) last announced its quarterly earnings data on Friday, August 16th. The company reported ($11.84) EPS for the quarter. Greenwave Technology Solutions had a negative return on equity of 274.83% and a negative net margin of 63.65%. The company had revenue of $7.88 million for the quarter.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.