Greenwave Technology: A Stock Under the Microscope

Greenwave Technology Solutions, Inc. , a company that deals with recycling metals, has seen a big change in how many people are betting against it. In August, the number of shares that were short sold dropped by a huge 98. 9%. This means that fewer people are expecting the stock price to fall. As of August 15th, only 11, 800 shares were short sold, compared to over a million in July. This change shows that investor sentiment might be shifting. The company's stock price opened at $6. 26 on a recent Wednesday. It's important to note that the stock has seen some wild swings, with a 52-week low of $6. 10 and a high of $119. 90. The stock's moving averages also tell an interesting story. The 50-day average is $20. 32, while the 200-day average is $23. 28. These numbers suggest that the stock has been quite volatile. Greenwave Technology has a market capitalization of $3. 57 million and a debt-to-equity ratio of 0. 12. The company's quick ratio and current ratio are 0. 23 and 0. 36, respectively. These financial metrics indicate that the company might be facing some liquidity challenges. Institutional investors have been active with Greenwave Technology's stock. Geode Capital Management increased its stake by 134. 6% in the fourth quarter, while Anson Funds Management boosted its stake by an astonishing 11, 241. 8% in the first quarter. XTX Topco also bought a new stake in the second quarter. Currently, institutional investors own 15. 64% of the company's stock. Wall Street Zen recently downgraded Greenwave Technology to a “sell” rating. This rating change could influence other investors' decisions. It's crucial for investors to consider all these factors when evaluating the stock. Greenwave Technology operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects and processes various materials, including appliances, construction materials, and end-of-life vehicles. It also buys and sells scrap metals and operates automotive shredders. The company's operations are quite diverse, which could be a positive or a negative, depending on market conditions.