Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Down 58.6% in April

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a large drop in short interest in 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. Based on an average daily volume of 3,410,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.4% of the company’s stock are sold short.

Greenwave Technology Solutions Stock Performance

Shares of Greenwave Technology Solutions stock remained flat at $0.07 on Friday. The stock had a trading volume of 9,506,078 shares, compared to its average volume of 6,156,036. Greenwave Technology Solutions has a 12 month low of $0.06 and a 12 month high of $1.12. The firm 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 simple moving average is $0.32 and its 200-day simple moving average is $0.52.

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

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.