Alphawave IP Group plc (OTCMKTS:AWEVF) Short Interest Down 49.7% in January

Alphawave IP Group plc (OTCMKTS:AWEVF) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 162,400 shares, a drop of 49.7% from the December 31st total of 322,600 shares. Based on an average daily volume of 306,200 shares, the days-to-cover ratio is currently 0.5 days.

Alphawave IP Group Price Performance

Shares of AWEVF stock opened at $1.66 on Wednesday. Alphawave IP Group has a 12-month low of $1.02 and a 12-month high of $2.62. The firm has a 50-day moving average price of $1.47 and a 200 day moving average price of $1.59.

About Alphawave IP Group

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.