374Water Inc. (NASDAQ:SCWO) Short Interest Update

374Water Inc. (NASDAQ:SCWO) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 382,365 shares, a drop of 79.3% from the December 15th total of 1,846,756 shares. Based on an average daily trading volume, of 304,185 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.7% of the shares of the company are sold short. Approximately 2.7% of the shares of the company are sold short. Based on an average daily trading volume, of 304,185 shares, the days-to-cover ratio is currently 1.3 days.

Insider Transactions at 374Water

In other 374Water news, CEO Stephen J. Jones purchased 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were acquired at an average cost of $2.30 per share, for a total transaction of $103,500.00. Following the completion of the purchase, the chief executive officer owned 105,572 shares of the company’s stock, valued at approximately $242,815.60. The trade was a 74.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Yaacov Nagar sold 47,321 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $4.30, for a total transaction of $203,480.30. Following the completion of the sale, the insider directly owned 3,211,263 shares of the company’s stock, valued at $13,808,430.90. This represents a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 99,640 shares of company stock valued at $423,220. 16.30% of the stock is currently owned by company insiders.

Institutional Trading of 374Water

Several institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in 374Water during the 2nd quarter worth about $28,000. Y Intercept Hong Kong Ltd acquired a new position in shares of 374Water in the 2nd quarter worth approximately $35,000. TFO Wealth Partners LLC bought a new stake in shares of 374Water in the 3rd quarter valued at $34,000. Two Sigma Investments LP acquired a new stake in shares of 374Water during the third quarter worth $41,000. Finally, D.A. Davidson & CO. raised its stake in 374Water by 29.1% during the second quarter. D.A. Davidson & CO. now owns 736,545 shares of the company’s stock worth $239,000 after buying an additional 166,080 shares during the last quarter. Institutional investors own 12.16% of the company’s stock.

374Water Price Performance

Shares of NASDAQ:SCWO opened at $2.61 on Thursday. The firm has a 50 day simple moving average of $2.65 and a 200 day simple moving average of $3.01. The company has a market cap of $44.16 million, a price-to-earnings ratio of -2.18 and a beta of -0.07. 374Water has a one year low of $1.63 and a one year high of $10.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.00.

374Water (NASDAQ:SCWO) last posted its earnings results on Wednesday, November 12th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.20). The firm had revenue of $0.76 million during the quarter, compared to the consensus estimate of $10.50 million. 374Water had a negative net margin of 911.15% and a negative return on equity of 160.15%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SCWO. Wall Street Zen upgraded 374Water to a “sell” rating in a research report on Saturday, December 27th. Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.