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

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 3,370,000 shares, a growth of 237.0% from the November 15th total of 1,000,000 shares. Based on an average daily trading volume, of 11,460,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 17.7% of the shares of the stock are sold short.

Insider Buying and Selling at Greenwave Technology Solutions

In other Greenwave Technology Solutions news, CEO Danny Meeks bought 377,002 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were acquired at an average cost of $0.66 per share, for a total transaction of $248,821.32. Following the purchase, the chief executive officer now directly owns 2,122,695 shares of the company’s stock, valued at $1,400,978.70. The trade was a 21.60 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jason T. Adelman bought 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $0.66 per share, with a total value of $66,000.00. Following the completion of the transaction, the director now directly owns 400,000 shares of the company’s stock, valued at $264,000. This represents a 33.33 % increase in their position. The disclosure for this purchase can be found here. Insiders own 7.93% of the company’s stock.

Greenwave Technology Solutions Stock Down 0.2 %

NASDAQ:GWAV traded down $0.00 during trading hours on Friday, reaching $0.68. The company’s stock had a trading volume of 1,788,715 shares, compared to its average volume of 3,941,880. Greenwave Technology Solutions has a 1 year low of $0.29 and a 1 year high of $154.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.52 and a quick ratio of 1.36. The firm has a 50-day simple moving average of $0.44 and a 200-day simple moving average of $1.19.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.