Short Interest in Aqua Metals, Inc. (NASDAQ:AQMS) Declines By 19.2%

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 291,979 shares, a decrease of 19.2% from the February 26th total of 361,268 shares. Approximately 10.7% of the company’s stock are sold short. Based on an average daily trading volume, of 34,649 shares, the days-to-cover ratio is presently 8.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aqua Metals in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Institutional Investors Weigh In On Aqua Metals

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

Aqua Metals Price Performance

NASDAQ AQMS opened at $3.63 on Monday. The stock has a market capitalization of $10.82 million, a PE ratio of -0.12 and a beta of -0.03. The company has a 50 day moving average price of $4.79 and a two-hundred day moving average price of $6.24. Aqua Metals has a 12-month low of $3.37 and a 12-month high of $39.40.

Aqua Metals Company Profile

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.