EnWave Co. (OTCMKTS:NWVCF) Sees Large Decline in Short Interest

EnWave Co. (OTCMKTS:NWVCF) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 20,000 shares, a drop of 25.9% from the May 15th total of 27,000 shares. Based on an average daily volume of 18,400 shares, the short-interest ratio is presently 1.1 days.

EnWave Stock Performance

OTCMKTS:NWVCF remained flat at $0.17 during mid-day trading on Friday. The company had a trading volume of 226 shares, compared to its average volume of 11,384. The stock’s fifty day moving average price is $0.18 and its 200-day moving average price is $0.21. EnWave has a 1-year low of $0.15 and a 1-year high of $0.31.

About EnWave

EnWave Corporation designs, constructs, markets, and sells vacuum-microwave machinery for the food, cannabis, and biomaterial dehydration industries in Canada and the United States. The company operates through EnWave and NutraDried segments. It also offers radiant energy vacuum (REV) platforms, such as nutraREV for dehydration of fruits, vegetables, herbs, dairy products, meats, and seafood; and quantaREV designed for low-temperature dehydration of solid, liquid, and granular or encapsulated food or cannabis products.