Aqua Metals, Inc. (NASDAQ:AQMS) Sees Large Decline in Short Interest

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 244,324 shares, a decline of 19.1% from the December 15th total of 301,839 shares. Based on an average daily trading volume, of 112,800 shares, the short-interest ratio is presently 2.2 days. Approximately 8.9% of the company’s stock are short sold. Approximately 8.9% of the company’s stock are short sold. Based on an average daily trading volume, of 112,800 shares, the short-interest ratio is presently 2.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aqua Metals in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.00.

Aqua Metals Stock Performance

Shares of AQMS stock opened at $6.16 on Wednesday. Aqua Metals has a fifty-two week low of $3.37 and a fifty-two week high of $39.40. The firm has a market capitalization of $18.36 million, a price-to-earnings ratio of -0.20 and a beta of -0.22. The stock’s 50-day simple moving average is $6.32 and its 200-day simple moving average is $6.14.

Aqua Metals (NASDAQ:AQMS) last released its earnings results on Wednesday, November 12th. The business services provider reported ($2.19) EPS for the quarter, topping analysts’ consensus estimates of ($6.00) by $3.81. As a group, equities analysts forecast that Aqua Metals will post -2.8 earnings per share for the current year.

Institutional Investors Weigh In On Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Bank of America Corp DE increased its holdings in Aqua Metals, Inc. (NASDAQ:AQMS) by 844.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,477 shares of the business services provider’s stock after buying an additional 4,003 shares during the quarter. Bank of America Corp DE owned about 0.30% of Aqua Metals worth $29,000 at the end of the most recent reporting period. 21.98% of the stock is currently owned by institutional investors and hedge funds.

Aqua Metals Company Profile

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.