374Water Inc. (NASDAQ:SCWO) Sees Large Decrease in Short Interest

374Water Inc. (NASDAQ:SCWO) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 239,710 shares, a decrease of 37.3% from the December 31st total of 382,365 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 143,875 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 143,875 shares, the short-interest ratio is presently 1.7 days. Currently, 1.7% of the company’s stock are sold short.

Insider Buying and Selling at 374Water

In related news, CEO Stephen J. Jones acquired 45,000 shares of 374Water stock in a transaction that occurred on Tuesday, December 16th. The stock was bought at an average price of $2.30 per share, with a total value of $103,500.00. Following the transaction, the chief executive officer directly owned 105,572 shares in the company, valued at approximately $242,815.60. This represents a 74.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 16.30% of the stock is owned by insiders.

Institutional Investors Weigh In On 374Water

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCWO. Jane Street Group LLC purchased a new stake in 374Water during the 2nd quarter valued at $28,000. Y Intercept Hong Kong Ltd purchased a new position in shares of 374Water in the 2nd quarter worth $35,000. TFO Wealth Partners LLC bought a new stake in shares of 374Water in the third quarter worth $34,000. Two Sigma Investments LP purchased a new stake in 374Water during the third quarter valued at $41,000. Finally, Marshall Wace LLP bought a new position in 374Water in the second quarter valued at about $57,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

374Water Stock Up 0.9%

SCWO stock opened at $3.23 on Friday. The stock has a market capitalization of $54.65 million, a P/E ratio of -2.69 and a beta of -0.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.00. 374Water has a 1-year low of $1.63 and a 1-year high of $10.90. The business has a fifty day moving average price of $2.58 and a 200-day moving average price of $3.06.

374Water (NASDAQ:SCWO) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.20). 374Water had a negative return on equity of 160.15% and a negative net margin of 911.15%.The business had revenue of $0.76 million during the quarter, compared to the consensus estimate of $10.50 million.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SCWO shares. Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a report on Wednesday, January 21st. Wall Street Zen raised shares of 374Water to a “sell” rating in a research report on Saturday, December 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 374Water presently has a consensus rating of “Sell”.

About 374Water

374Water, Inc (NASDAQ: SCWO) develops and commercializes advanced water treatment technologies based on supercritical water oxidation (SCWO). The company’s flagship offering utilizes high-temperature and high-pressure conditions to oxidize organic contaminants in industrial and agricultural wastewater, converting harmful substances into benign end products such as clean water, carbon dioxide, and salts. This proprietary process is capable of destroying a wide range of pollutants, including hydrocarbons, PFAS, and biological sludges, without the need for harmful chemicals or lengthy residence times.

In addition to manufacturing modular SCWO reactors, 374Water provides end-to-end solutions encompassing system design, engineering, installation, pilot testing, commissioning, and ongoing maintenance.