Short Interest in 374Water Inc. (NASDAQ:SCWO) Declines By 12.7%

374Water Inc. (NASDAQ:SCWO) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 333,369 shares, a decline of 12.7% from the February 12th total of 381,971 shares. Based on an average daily volume of 44,541 shares, the short-interest ratio is presently 7.5 days. Currently, 2.4% of the company’s shares are sold short. Currently, 2.4% of the company’s shares are sold short. Based on an average daily volume of 44,541 shares, the short-interest ratio is presently 7.5 days.

374Water Trading Down 3.2%

SCWO traded down $0.09 on Wednesday, hitting $2.76. The company had a trading volume of 4,547 shares, compared to its average volume of 98,419. The firm has a market cap of $46.70 million, a P/E ratio of -2.30 and a beta of -0.04. 374Water has a 1 year low of $1.63 and a 1 year high of $10.90. The company’s fifty day moving average price is $2.72 and its 200 day moving average price is $3.13. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SCWO shares. Wall Street Zen raised shares of 374Water to a “sell” rating in a research note on Saturday, December 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, 374Water presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On 374Water

Several institutional investors and hedge funds have recently modified their holdings of the company. CW Advisors LLC acquired a new position in 374Water during the 2nd quarter worth about $117,000. Marshall Wace LLP purchased a new stake in 374Water during the second quarter worth about $57,000. Qube Research & Technologies Ltd purchased a new stake in 374Water during the second quarter worth about $93,000. Jane Street Group LLC acquired a new stake in shares of 374Water during the second quarter worth about $28,000. Finally, TFO Wealth Partners LLC acquired a new stake in shares of 374Water during the third quarter worth about $34,000. 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.