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

Aqua Metals, Inc. (NASDAQ:AQMS) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 204,537 shares, a decrease of 46.7% from the June 15th total of 383,656 shares. Approximately 6.6% of the shares of the stock are sold short. Based on an average trading volume of 56,233 shares, the short-interest ratio is presently 3.6 days.

Aqua Metals Price Performance

Shares of NASDAQ AQMS remained flat at $2.64 during mid-day trading on Friday. 7,308 shares of the stock were exchanged, compared to its average volume of 177,020. The business has a 50-day simple moving average of $3.48 and a two-hundred day simple moving average of $4.32. The stock has a market capitalization of $9.37 million, a P/E ratio of -0.24 and a beta of 0.29. Aqua Metals has a 1-year low of $2.51 and a 1-year high of $39.40.

Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings data on Thursday, May 14th. The business services provider reported ($1.22) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Aqua Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp bought a new stake in Aqua Metals during the fourth quarter worth approximately $269,000. Geode Capital Management LLC bought a new position in shares of Aqua Metals in the fourth quarter valued at approximately $129,000. Hamilton Capital Partners LLC bought a new position in shares of Aqua Metals in the fourth quarter valued at approximately $84,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Aqua Metals in the fourth quarter worth $77,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Aqua Metals in the third quarter worth $82,000. 21.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “speculative buy” rating on shares of Aqua Metals in a research report on Friday, June 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aqua Metals in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Aqua Metals presently has a consensus rating of “Hold”.

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.