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

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

Analysts Set New Price Targets

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

Aqua Metals Price Performance

AQMS stock traded down $0.13 during mid-day trading on Wednesday, reaching $4.15. The company had a trading volume of 34,123 shares, compared to its average volume of 278,281. The stock has a 50 day simple moving average of $4.70 and a two-hundred day simple moving average of $6.25. The company has a market capitalization of $12.37 million, a price-to-earnings ratio of -0.14 and a beta of -0.03. Aqua Metals has a 52 week low of $3.37 and a 52 week high of $39.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Aqua Metals by 844.5% in the third quarter. Bank of America Corp DE now owns 4,477 shares of the business services provider’s stock valued at $29,000 after buying an additional 4,003 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Aqua Metals in the fourth quarter valued at approximately $61,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Aqua Metals during the 4th quarter valued at $77,000. Schonfeld Strategic Advisors LLC acquired a new stake in Aqua Metals during the third quarter worth about $82,000. Finally, Hamilton Capital Partners LLC acquired a new stake in shares of Aqua Metals during the 4th quarter worth approximately $84,000. Institutional investors own 21.98% of the company’s stock.

About Aqua Metals

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.