Short Interest in Aqua Metals, Inc. (NASDAQ:AQMS) Decreases By 94.5%

Aqua Metals, Inc. (NASDAQ:AQMS) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 207,800 shares, a drop of 94.5% from the October 15th total of 3,810,000 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average trading volume of 43,500 shares, the days-to-cover ratio is presently 4.8 days.

Aqua Metals Stock Performance

NASDAQ AQMS opened at $1.95 on Thursday. The firm’s 50 day moving average price is $3.34 and its two-hundred day moving average price is $5.64. Aqua Metals has a twelve month low of $1.92 and a twelve month high of $19.78. The stock has a market cap of $13.30 million, a price-to-earnings ratio of -0.41 and a beta of 1.02.

Institutional Trading of Aqua Metals

Several hedge funds and other institutional investors have recently modified their holdings of the business. AWM Investment Company Inc. lifted its stake in Aqua Metals by 100.0% in the 1st quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock worth $968,000 after acquiring an additional 900,000 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Aqua Metals by 14.4% in the 1st quarter. Russell Investments Group Ltd. now owns 1,652,999 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 208,432 shares during the period. Finally, Boston Partners lifted its position in shares of Aqua Metals by 16.0% in the first quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock worth $331,000 after purchasing an additional 85,019 shares in the last quarter. Institutional investors and hedge funds own 21.98% of the company’s stock.

Wall Street Analysts Forecast Growth

AQMS has been the topic of a number of recent analyst reports. Benchmark cut their target price on Aqua Metals from $40.00 to $20.00 and set a “speculative buy” rating on the stock in a research report on Tuesday, August 6th. HC Wainwright reduced their price objective on shares of Aqua Metals from $80.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th.

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.