Short Interest in Aqua Metals, Inc. (NASDAQ:AQMS) Drops By 12.9%

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 212,797 shares, a drop of 12.9% from the December 31st total of 244,324 shares. Based on an average daily trading volume, of 120,435 shares, the short-interest ratio is currently 1.8 days. Approximately 7.8% of the shares of the company are sold short. Approximately 7.8% of the shares of the company are sold short. Based on an average daily trading volume, of 120,435 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aqua Metals in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Aqua Metals Stock Performance

Aqua Metals stock opened at $4.84 on Tuesday. The company has a market cap of $14.42 million, a P/E ratio of -0.16 and a beta of -0.03. Aqua Metals has a one year low of $3.37 and a one year high of $39.40. The business has a fifty day moving average of $6.00 and a two-hundred day moving average of $6.12.

Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings results on Wednesday, November 12th. The business services provider reported ($2.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($6.00) by $3.81. Sell-side analysts predict that Aqua Metals will post -2.8 EPS for the current year.

Institutional Investors Weigh In On Aqua Metals

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hamilton Capital Partners LLC acquired a new position in Aqua Metals during the fourth quarter worth $84,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Aqua Metals in the third quarter valued at $82,000. Finally, Bank of America Corp DE raised its stake in shares of Aqua Metals by 844.5% during the 3rd quarter. Bank of America Corp DE now owns 4,477 shares of the business services provider’s stock worth $29,000 after buying an additional 4,003 shares during the last quarter. Institutional investors and hedge funds own 21.98% of the company’s stock.

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.