374Water Inc. (NASDAQ:SCWO) Short Interest Update

374Water Inc. (NASDAQ:SCWO) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 239,710 shares, a drop of 37.3% from the December 31st total of 382,365 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 143,875 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 143,875 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.7% of the shares of the company are sold short.

Insider Buying and Selling at 374Water

In other news, CEO Stephen J. Jones purchased 45,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average cost of $2.30 per share, with a total value of $103,500.00. Following the completion of the purchase, the chief executive officer directly owned 105,572 shares of the company’s stock, valued at approximately $242,815.60. The trade was a 74.29% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. CW Advisors LLC bought a new stake in shares of 374Water during the 2nd quarter valued at about $117,000. Qube Research & Technologies Ltd purchased a new position in 374Water in the 2nd quarter worth $93,000. D.A. Davidson & CO. lifted its stake in 374Water by 37.5% in the third quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock worth $291,000 after purchasing an additional 276,349 shares during the last quarter. Marshall Wace LLP purchased a new stake in 374Water during the 2nd quarter valued at about $57,000. Finally, Two Sigma Investments LP purchased a new stake in shares of 374Water during the third quarter valued at approximately $41,000. 12.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of 374Water to a “sell” rating in a research note on Saturday, December 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

374Water Stock Down 3.7%

374Water stock traded down $0.12 during mid-day trading on Friday, hitting $3.11. 118,667 shares of the company’s stock were exchanged, compared to its average volume of 153,333. 374Water has a 1-year low of $1.63 and a 1-year high of $10.90. The stock has a market cap of $52.62 million, a P/E ratio of -2.59 and a beta of -0.07. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $2.60 and a two-hundred day moving average of $3.07.

374Water (NASDAQ:SCWO) last issued its earnings results 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 net margin of 911.15% and a negative return on equity of 160.15%. The firm had revenue of $0.76 million during the quarter, compared to analyst estimates of $10.50 million.

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.