374Water Inc. (NASDAQ:SCWO) Sees Large Increase in Short Interest

374Water Inc. (NASDAQ:SCWO) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 381,971 shares, an increase of 32.2% from the January 29th total of 289,012 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 79,856 shares, the short-interest ratio is presently 4.8 days. Based on an average daily volume of 79,856 shares, the short-interest ratio is presently 4.8 days. Currently, 2.7% of the shares of the company are sold short.

374Water Price Performance

SCWO remained flat at $2.69 during trading on Wednesday. The company’s stock had a trading volume of 5,266 shares, compared to its average volume of 107,842. The stock’s 50-day moving average price is $2.67 and its 200 day moving average price is $3.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.00. The firm has a market capitalization of $45.51 million, a P/E ratio of -2.24 and a beta of -0.04. 374Water has a one year low of $1.63 and a one year high of $10.90.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other 374Water news, CEO Stephen J. Jones bought 45,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were bought at an average price of $2.30 per share, for a total transaction of $103,500.00. Following the transaction, the chief executive officer owned 105,572 shares of the company’s stock, valued at approximately $242,815.60. This trade represents a 74.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On 374Water

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of 374Water in the fourth quarter valued at approximately $26,000. Two Sigma Investments LP purchased a new stake in 374Water in the 3rd quarter valued at approximately $41,000. D.A. Davidson & CO. grew its holdings in 374Water by 37.5% during the 3rd quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock valued at $291,000 after buying an additional 276,349 shares during the last quarter. TFO Wealth Partners LLC purchased a new position in 374Water during the third quarter worth $34,000. Finally, Jane Street Group LLC acquired a new position in shares of 374Water in the second quarter worth $28,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

374Water Company Profile

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.