Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Sees Significant Decrease in Short Interest

Posted by Stanley Muller on Sep 18th, 2026

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 25,812 shares, a decrease of 32.7% from the August 15th total of 38,376 shares. Based on an average daily volume of 28,602 shares, the short-interest ratio is currently 0.9 days. Approximately 3.2% of the shares of the company are short sold.

Insiders Place Their Bets

In related news, CEO Danny Meeks purchased 2,152,853 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $3.72 per share, for a total transaction of $8,008,613.16. Following the transaction, the chief executive officer directly owned 2,188,354 shares of the company’s stock, valued at approximately $8,140,676.88. This trade represents a 6,064.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.00% of the stock is currently owned by company insiders.

Greenwave Technology Solutions Stock Up 24.9%

Shares of GWAV stock opened at $2.91 on Friday. Greenwave Technology Solutions has a one year low of $2.22 and a one year high of $24.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.23 and a quick ratio of 0.12. The stock has a fifty day moving average price of $3.78 and a 200 day moving average price of $3.64. The stock has a market cap of $2.42 million, a P/E ratio of -0.13 and a beta of 0.22.

Greenwave Technology Solutions (NASDAQ:GWAV – Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The company reported ($3.91) earnings per share (EPS) for the quarter. The business had revenue of $16.00 million during the quarter. Greenwave Technology Solutions had a negative net margin of 27.67% and a negative return on equity of 64.32%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Greenwave Technology Solutions currently has an average rating of “Sell”.

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About Greenwave Technology Solutions

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Greenwave Technology Solutions, Inc (NASDAQ: GWAV) is a developer of Internet of Things (IoT) connectivity management solutions. The company’s cloud-native platform enables enterprises and service providers to orchestrate, monitor and secure cellular data connections across a variety of devices and network operators, offering features such as remote provisioning, subscription management and real-time analytics.

Its core offerings include eSIM management, multi-operator roaming orchestration and automated compliance tools designed to simplify the deployment and lifecycle management of large-scale IoT and machine-to-machine (M2M) connectivity projects.