Aqua Metals, Inc. (NASDAQ:AQMS) Short Interest Down 10.6% in March

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 3,900,000 shares, a drop of 10.6% from the March 15th total of 4,360,000 shares. Based on an average daily trading volume, of 446,900 shares, the short-interest ratio is presently 8.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Aqua Metals by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 4,206,085 shares of the business services provider’s stock valued at $3,197,000 after purchasing an additional 46,463 shares during the period. Baird Financial Group Inc. boosted its stake in Aqua Metals by 8.3% in the 3rd quarter. Baird Financial Group Inc. now owns 3,885,207 shares of the business services provider’s stock valued at $2,934,000 after purchasing an additional 296,880 shares during the period. Ieq Capital LLC boosted its stake in Aqua Metals by 6.7% in the 3rd quarter. Ieq Capital LLC now owns 2,957,483 shares of the business services provider’s stock valued at $3,342,000 after purchasing an additional 184,641 shares during the period. Russell Investments Group Ltd. boosted its stake in Aqua Metals by 32.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,444,567 shares of the business services provider’s stock valued at $1,098,000 after purchasing an additional 351,175 shares during the period. Finally, BlackRock Inc. boosted its stake in Aqua Metals by 1.3% in the 2nd quarter. BlackRock Inc. now owns 1,168,026 shares of the business services provider’s stock valued at $1,367,000 after purchasing an additional 14,532 shares during the period. 21.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AQMS. HC Wainwright restated a “buy” rating and set a $4.00 target price on shares of Aqua Metals in a report on Thursday, March 28th. Benchmark reaffirmed a “speculative buy” rating and set a $2.00 price target on shares of Aqua Metals in a research report on Thursday, March 28th.

Aqua Metals Stock Down 2.7 %

Shares of NASDAQ:AQMS traded down $0.02 during trading on Tuesday, hitting $0.54. 95,841 shares of the company were exchanged, compared to its average volume of 437,694. The stock has a market cap of $59.89 million, a price-to-earnings ratio of -2.12 and a beta of 1.07. Aqua Metals has a fifty-two week low of $0.46 and a fifty-two week high of $1.77. The firm has a fifty day moving average price of $0.54 and a two-hundred day moving average price of $0.72. The company has a current ratio of 3.97, a quick ratio of 3.77 and a debt-to-equity ratio of 0.11.

Aqua Metals Company Profile

Aqua Metals, Inc engages in reinventing metals recycling with its patented AquaRefining technology. The company provides a recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. Its AquaRefining is a low-emissions, recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries.