Short Interest in Aqua Metals Inc (NASDAQ:AQMS) Declines By 13.4%

Aqua Metals Inc (NASDAQ:AQMS) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,370,000 shares, a drop of 13.4% from the January 15th total of 3,890,000 shares. Based on an average daily volume of 993,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 6.4% of the shares of the company are short sold.

Shares of AQMS stock traded down $0.02 during midday trading on Friday, reaching $0.76. 160,045 shares of the company were exchanged, compared to its average volume of 675,334. Aqua Metals has a 12 month low of $0.41 and a 12 month high of $4.33. The company has a market cap of $44.73 million, a P/E ratio of -0.73 and a beta of 0.70. The company’s 50 day moving average price is $0.78 and its two-hundred day moving average price is $1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.87 and a current ratio of 2.06.

Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08). Aqua Metals had a negative return on equity of 71.49% and a negative net margin of 879.24%. The company had revenue of $2.36 million for the quarter, compared to the consensus estimate of $1.90 million. As a group, sell-side analysts predict that Aqua Metals will post -0.8 earnings per share for the current year.

AQMS has been the topic of a number of recent analyst reports. Alliance Global Partners downgraded shares of Aqua Metals from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. ValuEngine upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, Zacks Investment Research upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.50.

In other Aqua Metals news, CFO Judd Merrill sold 106,034 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $0.71, for a total transaction of $75,284.14. Following the sale, the chief financial officer now directly owns 380,209 shares in the company, valued at approximately $269,948.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen Cotton sold 197,090 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $0.71, for a total transaction of $139,933.90. Following the sale, the chief executive officer now owns 816,793 shares in the company, valued at $579,923.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 308,661 shares of company stock worth $219,648. 2.20% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Cetera Advisor Networks LLC raised its position in shares of Aqua Metals by 63.5% during the 4th quarter. Cetera Advisor Networks LLC now owns 51,500 shares of the business services provider’s stock worth $39,000 after buying an additional 20,000 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of Aqua Metals in the 4th quarter worth approximately $89,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Aqua Metals by 32.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 72,862 shares of the business services provider’s stock worth $122,000 after purchasing an additional 17,890 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Aqua Metals by 21.3% in the 2nd quarter. Northern Trust Corp now owns 121,043 shares of the business services provider’s stock worth $202,000 after purchasing an additional 21,273 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Aqua Metals by 6.2% in the 2nd quarter. BlackRock Inc. now owns 837,219 shares of the business services provider’s stock worth $1,398,000 after purchasing an additional 48,897 shares in the last quarter. Institutional investors own 24.65% of the company’s stock.

Aqua Metals Company Profile

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in McCarran, Nevada.

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