Aqua Metals, Inc. (NASDAQ:AQMS) Sees Significant Increase in Short Interest

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 428,269 shares, an increase of 101.3% from the January 15th total of 212,797 shares. Based on an average daily volume of 1,262,397 shares, the days-to-cover ratio is presently 0.3 days. Approximately 15.7% of the shares of the company are short sold. Approximately 15.7% of the shares of the company are short sold. Based on an average daily volume of 1,262,397 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Aqua Metals

A number of hedge funds have recently added to or reduced their stakes in AQMS. Stifel Financial Corp purchased a new position in Aqua Metals in the fourth quarter valued at $269,000. Geode Capital Management LLC acquired a new stake in shares of Aqua Metals during the 4th quarter valued at about $129,000. Hamilton Capital Partners LLC purchased a new position in shares of Aqua Metals in the 4th quarter valued at about $84,000. Bank of America Corp DE increased its stake in shares of Aqua Metals by 844.5% in the 3rd quarter. Bank of America Corp DE now owns 4,477 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4,003 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Aqua Metals in the 3rd quarter worth about $82,000. 21.98% of the stock is owned by hedge funds and other institutional investors.

Aqua Metals Stock Up 8.3%

Shares of AQMS opened at $4.72 on Friday. The company has a market capitalization of $14.07 million, a price-to-earnings ratio of -0.15 and a beta of -0.03. Aqua Metals has a 52 week low of $3.37 and a 52 week high of $39.40. The stock’s 50-day moving average price is $5.47 and its 200-day moving average price is $6.05.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Wednesday, November 12th. The business services provider reported ($2.19) earnings per share for the quarter, beating the consensus estimate of ($6.00) by $3.81. As a group, equities analysts anticipate that Aqua Metals will post -2.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Aqua Metals in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.00.

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.