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

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 864,800 shares, a drop of 58.6% from the March 31st total of 2,090,000 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average daily trading volume, of 3,410,000 shares, the days-to-cover ratio is currently 0.3 days.

Greenwave Technology Solutions Price Performance

Shares of GWAV stock remained flat at $0.07 during trading hours on Friday. The stock had a trading volume of 9,506,078 shares, compared to its average volume of 6,156,036. The company has a market capitalization of $2.94 million, a PE ratio of -0.03 and a beta of 1.55. The business’s 50 day moving average is $0.32 and its two-hundred day moving average is $0.52. Greenwave Technology Solutions has a 12-month low of $0.06 and a 12-month high of $1.12.

Greenwave Technology Solutions (NASDAQ:GWAV) last released its quarterly earnings results on Tuesday, April 16th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $9.03 million during the quarter. Greenwave Technology Solutions had a negative net margin of 75.52% and a negative return on equity of 690.80%.

About Greenwave Technology Solutions

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.