Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) has experienced a significant increase in short interest during May. As of May 15th, there were 4,690,000 shares that were shorted, representing a growth of 570.7% from the April 30th total of 699,300 shares. The days-to-cover ratio is currently 0.0 days, based on an average daily volume of 147,840,000 shares. Approximately 0.5% of the company’s stock is being short sold.
On Wednesday, shares of NASDAQ GWAV opened at $0.08 with a debt-to-equity ratio of 2.86 and a quick ratio of 0.08 and current ratio of 147 million. Greenwave Technology Solutions has a one-year low of $12 million and a one-year high of $23 million with a fifty day moving average price of $12 million and a two hundred day moving average price of $25 million
Greenwave Technology Solutions last released its quarterly earnings results on Tuesday, April 16th reporting ($1) EPS for the quarter and revenue of $33 million . The company had a negative net margin of -49% and a negative return on equity of -53%.
Greenwave Technology Solutions operates metal recycling facilities in Virginia, Ohio and North Carolina through its subsidiary . They collects , classifies and processes various materials including appliances , construction materials , end-of-life vehicles , boats and industrial machinery . Additionally they are involved in purchasing sale processed scrap metals as well operating automotive shredders
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