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

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 121,499 shares, a growth of 483.1% from the July 15th total of 20,836 shares. Based on an average daily volume of 438,696 shares, the days-to-cover ratio is currently 0.3 days. Approximately 15.2% of the company’s stock are short sold.

Analysts Set New Price Targets

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

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Hedge Funds Weigh In On Greenwave Technology Solutions

An institutional investor recently bought a new stake in Greenwave Technology Solutions stock. XTX Topco Ltd purchased a new position in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned approximately 0.24% of Greenwave Technology Solutions as of its most recent SEC filing. Institutional investors and hedge funds own 15.64% of the company’s stock.

Greenwave Technology Solutions Trading Down 6.7%

NASDAQ:GWAV opened at $3.90 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.24 and a quick ratio of 0.13. The business has a fifty day moving average price of $3.31 and a 200-day moving average price of $3.65. The firm has a market capitalization of $3.24 million, a price-to-earnings ratio of -0.15 and a beta of 0.15. Greenwave Technology Solutions has a one year low of $2.39 and a one year high of $24.00.

Greenwave Technology Solutions (NASDAQ:GWAV – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($1.81) earnings per share for the quarter. The company had revenue of $16.28 million for the quarter. Greenwave Technology Solutions had a negative net margin of 33.19% and a negative return on equity of 60.95%.

Greenwave Technology Solutions Company Profile

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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.

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