Short Interest in 374Water Inc. (NASDAQ:SCWO) Rises By 20.6%

374Water Inc. (NASDAQ:SCWO) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 289,012 shares, an increase of 20.6% from the January 15th total of 239,710 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 172,284 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 172,284 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.0% of the company’s shares are sold short.

Analyst Ratings Changes

A number of brokerages have commented on SCWO. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a research note on Wednesday, January 21st. Wall Street Zen raised shares of 374Water to a “sell” rating in a research note on Saturday, December 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

374Water Trading Down 2.6%

SCWO traded down $0.08 on Tuesday, hitting $2.78. The company had a trading volume of 42,512 shares, compared to its average volume of 129,939. The company’s fifty day moving average price is $2.63 and its 200 day moving average price is $3.12. 374Water has a 1 year low of $1.63 and a 1 year high of $10.90. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01. The firm has a market cap of $46.97 million, a P/E ratio of -2.31 and a beta of -0.11.

Insider Activity

In other news, CEO Stephen J. Jones purchased 45,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average price of $2.30 per share, with a total value of $103,500.00. Following the transaction, the chief executive officer owned 105,572 shares in the company, valued at $242,815.60. The trade was a 74.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On 374Water

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of 374Water during the 2nd quarter worth approximately $28,000. TFO Wealth Partners LLC purchased a new stake in 374Water in the third quarter valued at approximately $34,000. Y Intercept Hong Kong Ltd acquired a new position in 374Water during the second quarter worth $35,000. Two Sigma Investments LP purchased a new position in shares of 374Water during the third quarter worth $41,000. Finally, Marshall Wace LLP purchased a new position in shares of 374Water during the second quarter worth $57,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

374Water Company Profile

374Water, Inc (NASDAQ: SCWO) develops and commercializes advanced water treatment technologies based on supercritical water oxidation (SCWO). The company’s flagship offering utilizes high-temperature and high-pressure conditions to oxidize organic contaminants in industrial and agricultural wastewater, converting harmful substances into benign end products such as clean water, carbon dioxide, and salts. This proprietary process is capable of destroying a wide range of pollutants, including hydrocarbons, PFAS, and biological sludges, without the need for harmful chemicals or lengthy residence times.

In addition to manufacturing modular SCWO reactors, 374Water provides end-to-end solutions encompassing system design, engineering, installation, pilot testing, commissioning, and ongoing maintenance.