Short Interest in Aqua Metals, Inc. (NASDAQ:AQMS) Decreases By 32.9%

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 33,500 shares, a decline of 32.9% from the August 15th total of 49,900 shares. Based on an average trading volume of 239,800 shares, the short-interest ratio is presently 0.1 days. Currently, 3.1% of the shares of the company are sold short. Currently, 3.1% of the shares of the company are sold short. Based on an average trading volume of 239,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Baird Financial Group Inc. grew its stake in Aqua Metals, Inc. (NASDAQ:AQMS) by 81.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 671,858 shares of the business services provider’s stock after purchasing an additional 300,787 shares during the period. Baird Financial Group Inc. owned approximately 8.10% of Aqua Metals worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 21.98% of the company’s stock.

Aqua Metals Stock Down 1.9%

Shares of AQMS opened at $3.59 on Tuesday. Aqua Metals has a 12-month low of $3.37 and a 12-month high of $46.00. The firm has a market capitalization of $5.05 million, a price-to-earnings ratio of -0.10 and a beta of 0.29. The stock’s 50-day moving average price is $4.36 and its 200 day moving average price is $9.79.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings results on Wednesday, August 13th. The business services provider reported ($7.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($6.00) by ($1.44). Equities research analysts expect that Aqua Metals will post -2.8 EPS for the current year.

About Aqua Metals

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.