Short Interest in Aqua Metals, Inc. (NASDAQ:AQMS) Expands By 162.6%

Aqua Metals, Inc. (NASDAQ:AQMS) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 125,000 shares, an increase of 162.6% from the September 15th total of 47,600 shares. Approximately 8.1% of the shares of the company are sold short. Based on an average daily volume of 843,700 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 843,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 8.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Aqua Metals stock. Baird Financial Group Inc. grew its holdings in Aqua Metals, Inc. (NASDAQ:AQMS) by 81.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 671,858 shares of the business services provider’s stock after buying an additional 300,787 shares during the quarter. Baird Financial Group Inc. owned 8.10% of Aqua Metals worth $1,256,000 as of its most recent SEC filing. 21.98% of the stock is owned by institutional investors and hedge funds.

Aqua Metals Price Performance

Shares of AQMS opened at $14.56 on Monday. The business’s 50 day simple moving average is $5.78 and its 200-day simple moving average is $7.89. Aqua Metals has a 1 year low of $3.37 and a 1 year high of $39.40. The stock has a market capitalization of $21.55 million, a price-to-earnings ratio of -0.41 and a beta of 0.40.

Aqua Metals (NASDAQ:AQMS) last released its earnings results on Wednesday, August 13th. The business services provider reported ($7.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($6.00) by ($1.44). On average, sell-side analysts expect that Aqua Metals will post -2.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aqua Metals in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aqua Metals presently has a consensus rating of “Hold” and a consensus price target of $30.00.

About Aqua Metals

Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.