Aqua Metals Inc (NASDAQ:AQMS) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 5,870,000 shares, a decline of 6.2% from the September 30th total of 6,260,000 shares. Based on an average daily volume of 252,000 shares, the short-interest ratio is presently 23.3 days. Currently, 11.2% of the company’s shares are sold short.

Several institutional investors have recently added to or reduced their stakes in the company. National Asset Management Inc. raised its stake in shares of Aqua Metals by 67.5% in the 2nd quarter. National Asset Management Inc. now owns 27,300 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 11,000 shares during the period. Cetera Advisor Networks LLC raised its stake in shares of Aqua Metals by 61.5% in the 2nd quarter. Cetera Advisor Networks LLC now owns 31,500 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 12,000 shares during the period. Cannell Peter B & Co. Inc. purchased a new stake in shares of Aqua Metals in the 2nd quarter valued at approximately $27,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Aqua Metals by 32.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 72,862 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 17,890 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Aqua Metals by 21.3% in the 2nd quarter. Northern Trust Corp now owns 121,043 shares of the business services provider’s stock valued at $202,000 after acquiring an additional 21,273 shares during the period. 25.41% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on AQMS. Zacks Investment Research downgraded shares of Aqua Metals from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

Shares of AQMS stock opened at $1.53 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.06 and a quick ratio of 3.34. The firm’s 50-day moving average is $1.70 and its two-hundred day moving average is $1.81. Aqua Metals has a 12 month low of $1.41 and a 12 month high of $4.33. The company has a market capitalization of $90.67 million, a PE ratio of -1.30 and a beta of 0.92.

Aqua Metals (NASDAQ:AQMS) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08). The firm had revenue of $2.36 million for the quarter, compared to analysts’ expectations of $1.90 million. Aqua Metals had a negative return on equity of 71.49% and a negative net margin of 879.24%. Sell-side analysts forecast that Aqua Metals will post -0.8 EPS for the current year.

About Aqua Metals

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in McCarran, Nevada.

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