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

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

Greenwave Technology Solutions Price Performance

Shares of NASDAQ GWAV traded down $0.06 during midday trading on Friday, reaching $3.95. 16,298 shares of the stock traded hands, compared to its average volume of 295,543. The company’s 50 day moving average is $5.32 and its 200 day moving average is $8.30. Greenwave Technology Solutions has a one year low of $3.85 and a one year high of $38.09. The stock has a market capitalization of $3.28 million, a PE ratio of -0.07 and a beta of 0.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.51 and a quick ratio of 0.45.

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 business had revenue of $11.00 million for the quarter. Greenwave Technology Solutions had a negative net margin of 92.92% and a negative return on equity of 78.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GWAV shares. Wall Street Zen raised Greenwave Technology Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Greenwave Technology Solutions in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Greenwave Technology Solutions stock. XTX Topco Ltd acquired a new stake in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned 0.24% of Greenwave Technology Solutions as of its most recent SEC filing. 15.64% of the stock is currently owned by institutional investors.

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.