Short Interest in 374Water Inc. (NASDAQ:SCWO) Rises By 22.9%

374Water Inc. (NASDAQ:SCWO) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 3,490,000 shares, an increase of 22.9% from the February 28th total of 2,840,000 shares. Based on an average trading volume of 321,500 shares, the short-interest ratio is currently 10.9 days. Approximately 4.8% of the company’s stock are sold short.

Insider Activity

In other news, major shareholder Yaacov Nagar sold 144,860 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $0.43, for a total transaction of $62,289.80. Following the transaction, the insider now owns 36,400,896 shares in the company, valued at $15,652,385.28. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 567,224 shares of company stock worth $289,063 in the last ninety days. Corporate insiders own 54.32% of the company’s stock.

Institutional Investors Weigh In On 374Water

Several hedge funds and other institutional investors have recently modified their holdings of SCWO. Virtu Financial LLC acquired a new stake in shares of 374Water during the 3rd quarter worth approximately $30,000. SG Americas Securities LLC lifted its position in 374Water by 109.2% in the fourth quarter. SG Americas Securities LLC now owns 46,782 shares of the company’s stock worth $32,000 after purchasing an additional 24,418 shares during the period. Captrust Financial Advisors boosted its stake in 374Water by 4.4% during the fourth quarter. Captrust Financial Advisors now owns 670,888 shares of the company’s stock worth $458,000 after buying an additional 28,461 shares in the last quarter. Northern Trust Corp increased its holdings in 374Water by 6.7% in the 4th quarter. Northern Trust Corp now owns 516,867 shares of the company’s stock valued at $353,000 after buying an additional 32,285 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in shares of 374Water by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 469,180 shares of the company’s stock worth $320,000 after acquiring an additional 36,645 shares during the period. Institutional investors and hedge funds own 12.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a research report on Saturday, March 22nd.

374Water Trading Up 0.6 %

374Water stock traded up $0.00 on Tuesday, reaching $0.34. 206,203 shares of the stock were exchanged, compared to its average volume of 196,807. 374Water has a twelve month low of $0.30 and a twelve month high of $1.99. The firm has a fifty day moving average price of $0.39 and a two-hundred day moving average price of $0.90. The stock has a market cap of $45.54 million, a PE ratio of -4.28 and a beta of -0.01.

374Water (NASDAQ:SCWO) last posted its quarterly earnings data on Thursday, March 27th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.10 million.

About 374Water

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.