Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Short Interest Up 237.0% in November

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 3,370,000 shares, a growth of 237.0% from the November 15th total of 1,000,000 shares. Based on an average daily trading volume, of 11,460,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 17.7% of the company’s stock are short sold.

Greenwave Technology Solutions Stock Down 0.2 %

GWAV traded down $0.00 during trading on Friday, hitting $0.68. 1,788,715 shares of the company traded hands, compared to its average volume of 3,941,880. Greenwave Technology Solutions has a one year low of $0.29 and a one year high of $154.50. The stock’s fifty day moving average is $0.44 and its 200 day moving average is $1.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.52 and a quick ratio of 1.36.

Insider Activity

In other news, Director Jason T. Adelman acquired 100,000 shares of Greenwave Technology Solutions stock in a transaction on Wednesday, December 4th. The stock was acquired at an average cost of $0.66 per share, with a total value of $66,000.00. Following the transaction, the director now owns 400,000 shares of the company’s stock, valued at approximately $264,000. This trade represents a 33.33 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Danny Meeks acquired 377,002 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $0.66 per share, with a total value of $248,821.32. Following the purchase, the chief executive officer now owns 2,122,695 shares in the company, valued at approximately $1,400,978.70. The trade was a 21.60 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 7.93% of the company’s stock.

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.