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

374Water Inc. (NASDAQ:SCWO) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 289,012 shares, an increase of 20.6% from the January 15th total of 239,710 shares. Based on an average daily volume of 172,284 shares, the short-interest ratio is presently 1.7 days. Currently, 2.0% of the shares of the stock are sold short. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 172,284 shares, the short-interest ratio is presently 1.7 days.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of 374Water to a “sell” rating in a research note on Saturday, December 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, 374Water has a consensus rating of “Sell”.

Insiders Place Their Bets

In other 374Water news, CEO Stephen J. Jones purchased 45,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were bought at an average price of $2.30 per share, for a total transaction of $103,500.00. Following the completion of the transaction, the chief executive officer owned 105,572 shares of the company’s stock, valued at $242,815.60. This trade represents a 74.29% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On 374Water

Several hedge funds and other institutional investors have recently modified their holdings of SCWO. Jane Street Group LLC acquired a new position in 374Water during the second quarter worth about $28,000. Y Intercept Hong Kong Ltd acquired a new position in shares of 374Water during the 2nd quarter worth approximately $35,000. TFO Wealth Partners LLC purchased a new stake in shares of 374Water in the third quarter valued at approximately $34,000. Two Sigma Investments LP purchased a new stake in shares of 374Water in the third quarter valued at approximately $41,000. Finally, D.A. Davidson & CO. increased its holdings in shares of 374Water by 29.1% in the second quarter. D.A. Davidson & CO. now owns 736,545 shares of the company’s stock valued at $239,000 after purchasing an additional 166,080 shares during the last quarter. 12.16% of the stock is owned by hedge funds and other institutional investors.

374Water Price Performance

NASDAQ SCWO traded down $0.08 during mid-day trading on Tuesday, hitting $2.78. The stock had a trading volume of 42,512 shares, compared to its average volume of 129,939. The firm’s 50 day moving average is $2.63 and its 200 day moving average is $3.12. 374Water has a twelve month low of $1.63 and a twelve month high of $10.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.00. The stock has a market capitalization of $46.97 million, a price-to-earnings ratio of -2.31 and a beta of -0.11.

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.