Aqua Metals, Inc. (NASDAQ:AQMS) Short Interest Down 46.7% in June

Aqua Metals, Inc. (NASDAQ:AQMS) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 204,537 shares, a decrease of 46.7% from the June 15th total of 383,656 shares. Based on an average daily trading volume, of 56,233 shares, the days-to-cover ratio is presently 3.6 days. Currently, 6.6% of the shares of the stock are short sold.

Aqua Metals Trading Up 0.5%

Shares of NASDAQ:AQMS opened at $2.77 on Thursday. The firm has a market cap of $9.85 million, a price-to-earnings ratio of -0.25 and a beta of 0.29. The stock’s 50-day moving average price is $3.53 and its two-hundred day moving average price is $4.34. Aqua Metals has a 12-month low of $2.51 and a 12-month high of $39.40.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Thursday, May 14th. The business services provider reported ($1.22) earnings per share for the quarter.

Analyst Ratings Changes

A number of brokerages recently commented on AQMS. Weiss Ratings reissued a “sell (e+)” rating on shares of Aqua Metals in a research note on Monday, April 20th. Benchmark restated a “speculative buy” rating on shares of Aqua Metals in a research report on Friday, June 12th. One research 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 currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AQMS. Bank of America Corp DE grew its position in Aqua Metals by 844.5% during 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 acquiring an additional 4,003 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Aqua Metals in the 4th quarter worth about $61,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Aqua Metals in the 4th quarter worth about $77,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Aqua Metals in the 3rd quarter valued at about $82,000. Finally, Hamilton Capital Partners LLC acquired a new position in shares of Aqua Metals in the 4th quarter valued at about $84,000. Institutional investors and hedge funds 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.