374Water Inc. (NASDAQ:SCWO) Short Interest Down 25.1% in March

374Water Inc. (NASDAQ:SCWO) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 249,644 shares, a decrease of 25.1% from the February 26th total of 333,369 shares. Based on an average daily trading volume, of 48,776 shares, the days-to-cover ratio is presently 5.1 days. Approximately 1.8% of the company’s shares are short sold.

374Water Stock Performance

374Water stock traded up $0.15 during midday trading on Tuesday, reaching $2.90. The stock had a trading volume of 23,872 shares, compared to its average volume of 94,452. The firm has a market capitalization of $49.07 million, a PE ratio of -2.42 and a beta of -0.03. 374Water has a 12 month low of $1.63 and a 12 month high of $10.90. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $2.81 and its 200 day moving average price is $3.08.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SCWO. Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a 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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, 374Water has a consensus rating of “Sell”.

Institutional Investors Weigh In On 374Water

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in 374Water during the 4th quarter valued at about $26,000. Jane Street Group LLC bought a new stake in 374Water in the second quarter valued at approximately $28,000. TFO Wealth Partners LLC bought a new stake in 374Water in the third quarter valued at approximately $34,000. Two Sigma Investments LP purchased a new stake in shares of 374Water during the third quarter valued at approximately $41,000. Finally, Marshall Wace LLP bought a new position in shares of 374Water in the second quarter worth approximately $57,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

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.