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

374Water Inc. (NASDAQ:SCWO) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 197,354 shares, a decrease of 27.6% from the March 31st total of 272,531 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 47,230 shares, the days-to-cover ratio is currently 4.2 days.

Hedge Funds Weigh In On 374Water

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in 374Water during the 4th quarter valued at $26,000. Jane Street Group LLC bought a new stake in shares of 374Water during the 2nd quarter worth $28,000. TFO Wealth Partners LLC bought a new stake in shares of 374Water during the 3rd quarter worth $34,000. Two Sigma Investments LP bought a new stake in shares of 374Water during the 3rd quarter worth $41,000. Finally, Marshall Wace LLP bought a new stake in shares of 374Water during the 2nd quarter worth $57,000. 12.16% of the stock is owned by institutional investors.

374Water Stock Performance

SCWO traded up $0.08 during trading hours on Thursday, hitting $2.49. The company’s stock had a trading volume of 57,385 shares, compared to its average volume of 82,952. 374Water has a fifty-two week low of $1.63 and a fifty-two week high of $10.90. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $43.34 million, a PE ratio of -2.07 and a beta of -0.14. The company has a 50-day simple moving average of $2.84 and a 200 day simple moving average of $2.97.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus 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.