Short Interest in EnWave Co. (OTCMKTS:NWVCF) Grows By 158.9%

EnWave Co. (OTCMKTS:NWVCF) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 631,073 shares, an increase of 158.9% from the June 30th total of 243,767 shares. Based on an average daily volume of 128,501 shares, the short-interest ratio is currently 4.9 days.

EnWave Price Performance

Shares of NWVCF remained flat at $0.17 during trading hours on Wednesday. The stock had a trading volume of 8,275 shares, compared to its average volume of 35,133. The business’s 50 day moving average is $0.17 and its two-hundred day moving average is $0.21. EnWave has a 1-year low of $0.15 and a 1-year high of $0.36.

About EnWave

EnWave Corporation is a Canadian technology company specializing in the development and licensing of industrial-scale dehydration solutions for the food, pharmaceutical and agricultural sectors. At the heart of its offering is the patented Radiant Energy Vacuum (REV®) technology, which combines vacuum, microwave energy and conductive heat to rapidly remove moisture while preserving nutritional quality, color and flavor. EnWave’s platform is designed to provide food producers and ingredient manufacturers with scalable, energy-efficient alternatives to traditional freeze-drying, air drying and other dehydration methods.

EnWave generates revenue primarily through equipment sales, licensing fees and ongoing royalty streams from licensees that operate its REV® machines.