Alphawave IP Group plc (OTCMKTS:AWEVF) Sees Large Decrease in Short Interest

Alphawave IP Group plc (OTCMKTS:AWEVF) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 162,400 shares, a drop of 49.7% from the December 15th total of 322,600 shares. Based on an average daily trading volume, of 306,200 shares, the days-to-cover ratio is presently 0.5 days.

Alphawave IP Group Stock Performance

Shares of OTCMKTS AWEVF opened at $1.43 on Wednesday. The company has a 50 day simple moving average of $1.44 and a 200-day simple moving average of $1.61. Alphawave IP Group has a 1 year low of $1.02 and a 1 year high of $2.62.

Alphawave IP Group Company Profile

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.