Short Interest in Aqua Metals, Inc. (NASDAQ:AQMS) Decreases By 19.2%

Aqua Metals, Inc. (NASDAQ:AQMS) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 291,979 shares, a decrease of 19.2% from the February 26th total of 361,268 shares. Based on an average daily volume of 34,649 shares, the days-to-cover ratio is presently 8.4 days. Currently, 10.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Aqua Metals

A number of institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp purchased a new stake in shares of Aqua Metals during the 4th quarter valued at $269,000. Geode Capital Management LLC bought a new stake in shares of Aqua Metals during the 4th quarter worth $129,000. Hamilton Capital Partners LLC purchased a new position in Aqua Metals in the fourth quarter worth $84,000. Price T Rowe Associates Inc. MD purchased a new position in Aqua Metals in the fourth quarter worth $77,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Aqua Metals in the third quarter valued at $82,000. Institutional investors own 21.98% of the company’s stock.

Aqua Metals Trading Up 3.3%

Shares of AQMS opened at $3.75 on Tuesday. The company has a market cap of $11.18 million, a PE ratio of -0.12 and a beta of -0.03. The stock has a 50-day moving average price of $4.74 and a 200-day moving average price of $6.24. Aqua Metals has a 12-month low of $3.37 and a 12-month high of $39.40.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aqua Metals in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.00.

About Aqua Metals

Aqua Metals Inc (NASDAQ: AQMS) is a technology-driven environmental company pioneering sustainable battery recycling solutions. The company’s core offering, branded as AquaRefining, utilizes an electrochemical process to recover lead, silver, and plastic components from spent lead-acid batteries without the need for high-temperature smelting. This water-based approach aims to eliminate air emissions and reduce energy consumption compared to conventional recycling methods.

Based in Reno, Nevada, Aqua Metals develops, manufactures, and licenses its proprietary modular recycling systems to industrial battery recyclers and battery manufacturers.