Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Update

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 222,600 shares, an increase of 162.5% from the May 31st total of 84,800 shares. Based on an average daily trading volume, of 1,820,000 shares, the short-interest ratio is currently 0.1 days. Currently, 1.8% of the company’s shares are sold short.

Greenwave Technology Solutions Trading Down 4.3 %

Greenwave Technology Solutions stock traded down $0.08 during trading hours on Friday, hitting $1.77. The company had a trading volume of 633,916 shares, compared to its average volume of 2,348,552. The firm has a market cap of $7.59 million, a P/E ratio of 0.00 and a beta of 1.54. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.08 and a current ratio of 0.10. Greenwave Technology Solutions has a 1 year low of $1.58 and a 1 year high of $168.00. The company has a 50-day moving average price of $7.63 and a two-hundred day moving average price of $54.50.

Greenwave Technology Solutions (NASDAQ:GWAV) last posted its quarterly earnings results on Monday, May 20th. The company reported ($58.21) EPS for the quarter. Greenwave Technology Solutions had a negative net margin of 88.17% and a negative return on equity of 1,251.81%. The business had revenue of $8.51 million during the quarter.

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.