Short Interest in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Drops By 85.8%

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 77,100 shares, a decline of 85.8% from the February 29th total of 543,200 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is currently 0.1 days.

Greenwave Technology Solutions Trading Down 4.9 %

Shares of GWAV traded down $0.01 during mid-day trading on Thursday, hitting $0.12. 5,638,824 shares of the company were exchanged, compared to its average volume of 1,802,143. The company has a quick ratio of 0.13, a current ratio of 0.14 and a debt-to-equity ratio of 1.02. Greenwave Technology Solutions has a 1-year low of $0.12 and a 1-year high of $1.12. The company has a 50 day moving average of $0.64 and a 200-day moving average of $0.60.

Hedge Funds Weigh In On Greenwave Technology Solutions

An institutional investor recently bought a new position in Greenwave Technology Solutions stock. UBS Group AG acquired a new stake in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,274 shares of the company’s stock, valued at approximately $56,000. UBS Group AG owned about 0.30% of Greenwave Technology Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 15.64% of the company’s stock.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company, through its 11 metal recycling facilities, collects, classifies, and processes raw scrap ferrous and nonferrous metals for recycling iron, steel, aluminum, copper, lead, stainless steel, and zinc.