Aqua Metals, Inc. (NASDAQ:AQMS) Sees Significant Growth in Short Interest

Aqua Metals, Inc. (NASDAQ:AQMS) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 374,900 shares, a growth of 20.4% from the January 15th total of 311,500 shares. Based on an average daily volume of 199,900 shares, the days-to-cover ratio is currently 1.9 days. Approximately 5.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC grew its stake in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,341,382 shares of the business services provider’s stock after purchasing an additional 249,266 shares during the quarter. Geode Capital Management LLC owned approximately 19.67% of Aqua Metals worth $251,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 21.98% of the company’s stock.

Aqua Metals Stock Up 8.4 %

Shares of AQMS traded up $0.17 during trading hours on Friday, hitting $2.20. The company had a trading volume of 60,063 shares, compared to its average volume of 95,556. The firm has a market cap of $15.65 million, a price-to-earnings ratio of -0.46 and a beta of 0.97. The business has a fifty day moving average of $2.12 and a 200-day moving average of $3.06. Aqua Metals has a 12 month low of $1.33 and a 12 month high of $14.14.

Aqua Metals Company Profile

Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.