Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Up 617.5% in October

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 678,800 shares, an increase of 617.5% from the October 15th total of 94,600 shares. Currently, 3.5% of the company’s stock are short sold. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is currently 0.5 days.

Greenwave Technology Solutions Stock Performance

NASDAQ:GWAV traded down $0.01 on Wednesday, hitting $0.39. 405,658 shares of the company’s stock traded hands, compared to its average volume of 1,151,166. The company has a current ratio of 2.10, a quick ratio of 2.01 and a debt-to-equity ratio of 0.09. Greenwave Technology Solutions has a 1 year low of $0.37 and a 1 year high of $154.50. The firm has a 50-day moving average price of $0.41 and a 200-day moving average price of $2.75.

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

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.