Alphawave IP Group plc (OTCMKTS:AWEVF) Sees Significant Drop in Short Interest

Alphawave IP Group plc (OTCMKTS:AWEVF) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 85,200 shares, a drop of 7.9% from the October 31st total of 92,500 shares. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is currently 2.8 days.

Alphawave IP Group Trading Up 10.5 %

Shares of Alphawave IP Group stock traded up $0.16 on Tuesday, hitting $1.70. 63,394 shares of the company were exchanged, compared to its average volume of 27,352. Alphawave IP Group has a 1-year low of $1.16 and a 1-year high of $2.62. The company has a 50-day moving average price of $1.47 and a 200 day moving average price of $1.70.

About Alphawave IP Group

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.