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

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) was the recipient of a significant growth in short interest during the month of 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. Currently, 17.7% of the shares of the stock are sold short. Based on an average trading volume of 11,460,000 shares, the short-interest ratio is currently 0.3 days.

Greenwave Technology Solutions Trading Down 2.4 %

NASDAQ:GWAV traded down $0.02 during trading hours on Thursday, hitting $0.68. The company had a trading volume of 5,336,318 shares, compared to its average volume of 3,950,810. Greenwave Technology Solutions has a 1 year low of $0.29 and a 1 year high of $154.50. The company has a current ratio of 1.52, a quick ratio of 1.36 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average of $0.44 and a 200 day moving average of $1.19. The company has a market cap of $15.29 million, a P/E ratio of -0.01 and a beta of 1.66.

Insider Transactions at Greenwave Technology Solutions

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

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.