Aqua Metals, Inc. (NASDAQ:AQMS) Sees Large Decrease in Short Interest

Aqua Metals, Inc. (NASDAQ:AQMS) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 204,537 shares, a decline of 46.7% from the June 15th total of 383,656 shares. Based on an average daily volume of 56,233 shares, the days-to-cover ratio is presently 3.6 days. Approximately 6.6% of the company’s stock are sold short.

Institutional Trading of Aqua Metals

Several institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp acquired a new position in Aqua Metals during the 4th quarter worth about $269,000. Quadrature Capital Ltd purchased a new stake in Aqua Metals during the 4th quarter worth about $61,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Aqua Metals during the fourth quarter worth about $77,000. Geode Capital Management LLC purchased a new position in Aqua Metals in the fourth quarter worth approximately $129,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Aqua Metals during the third quarter worth approximately $82,000. Institutional investors and hedge funds own 21.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aqua Metals in a report on Monday, April 20th. Benchmark restated a “speculative buy” rating on shares of Aqua Metals in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Aqua Metals Price Performance

AQMS stock opened at $2.79 on Wednesday. The business has a 50 day simple moving average of $3.59 and a 200-day simple moving average of $4.35. The firm has a market capitalization of $9.90 million, a PE ratio of -0.26 and a beta of 0.29. Aqua Metals has a 1 year low of $2.51 and a 1 year high of $39.40.

Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Thursday, May 14th. The business services provider reported ($1.22) earnings per share (EPS) for the quarter.

About Aqua Metals

Aqua Metals Inc (NASDAQ: AQMS) is a technology-driven environmental company pioneering sustainable battery recycling solutions. The company’s core offering, branded as AquaRefining, utilizes an electrochemical process to recover lead, silver, and plastic components from spent lead-acid batteries without the need for high-temperature smelting. This water-based approach aims to eliminate air emissions and reduce energy consumption compared to conventional recycling methods.

Based in Reno, Nevada, Aqua Metals develops, manufactures, and licenses its proprietary modular recycling systems to industrial battery recyclers and battery manufacturers.