Energy Recovery, Inc. (NASDAQ:ERII) Short Interest Up 35.8% in March

Energy Recovery, Inc. (NASDAQ:ERII) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 2,122,090 shares, a growth of 35.8% from the March 15th total of 1,562,859 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average daily volume of 888,188 shares, the days-to-cover ratio is currently 2.4 days.

Insiders Place Their Bets

In related news, Director Arve Hanstveit sold 165,292 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $10.14, for a total transaction of $1,676,060.88. Following the sale, the director directly owned 384,928 shares in the company, valued at approximately $3,903,169.92. This represents a 30.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Rodney Clemente sold 20,568 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $10.61, for a total transaction of $218,226.48. Following the completion of the transaction, the senior vice president directly owned 116,008 shares of the company’s stock, valued at approximately $1,230,844.88. This trade represents a 15.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 248,811 shares of company stock worth $2,606,175 over the last quarter. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in Energy Recovery by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 5,401,044 shares of the industrial products company’s stock worth $69,025,000 after purchasing an additional 262,151 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Energy Recovery by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 3,852,438 shares of the industrial products company’s stock valued at $51,969,000 after purchasing an additional 89,696 shares during the last quarter. Amundi increased its position in shares of Energy Recovery by 323.6% during the 4th quarter. Amundi now owns 2,851,691 shares of the industrial products company’s stock valued at $38,457,000 after purchasing an additional 2,178,560 shares during the last quarter. State Street Corp raised its holdings in shares of Energy Recovery by 22.6% during the 4th quarter. State Street Corp now owns 1,764,522 shares of the industrial products company’s stock valued at $23,803,000 after buying an additional 325,280 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Energy Recovery by 2.8% in the 4th quarter. Legal & General Group Plc now owns 1,343,847 shares of the industrial products company’s stock worth $18,128,000 after buying an additional 36,109 shares during the last quarter. Institutional investors own 83.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ERII. Loop Capital set a $13.00 target price on shares of Energy Recovery in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Finally, Northcoast Research cut shares of Energy Recovery from a “buy” rating to a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Energy Recovery presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Energy Recovery Stock Up 2.5%

Shares of ERII stock traded up $0.27 during trading on Friday, hitting $10.72. The company had a trading volume of 130,334 shares, compared to its average volume of 632,989. The stock’s 50-day moving average is $11.90 and its two-hundred day moving average is $13.88. The stock has a market capitalization of $566.06 million, a price-to-earnings ratio of 24.91 and a beta of 1.08. Energy Recovery has a 52 week low of $9.35 and a 52 week high of $18.32.

Energy Recovery (NASDAQ:ERII) last announced its earnings results on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.14). The company had revenue of $66.59 million for the quarter, compared to the consensus estimate of $82.59 million. Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. On average, research analysts predict that Energy Recovery will post 0.36 EPS for the current fiscal year.

Energy Recovery Company Profile

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.