Aqua Metals, Inc. (NASDAQ:AQMS) Sees Significant Decline in Short Interest

Aqua Metals, Inc. (NASDAQ:AQMS) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 244,324 shares, a drop of 19.1% from the December 15th total of 301,839 shares. Based on an average trading volume of 112,800 shares, the short-interest ratio is currently 2.2 days. Currently, 8.9% of the shares of the company are short sold. Currently, 8.9% of the shares of the company are short sold. Based on an average trading volume of 112,800 shares, the short-interest ratio is currently 2.2 days.

Hedge Funds Weigh In On Aqua Metals

An institutional investor recently bought a new position in Aqua Metals stock. Schonfeld Strategic Advisors LLC purchased a new position in shares of Aqua Metals, Inc. (NASDAQ:AQMS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,846 shares of the business services provider’s stock, valued at approximately $82,000. Schonfeld Strategic Advisors LLC owned about 0.87% of Aqua Metals at the end of the most recent quarter. 21.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Aqua Metals in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Aqua Metals Price Performance

AQMS stock opened at $6.15 on Monday. Aqua Metals has a one year low of $3.37 and a one year high of $39.40. The stock has a market cap of $18.33 million, a price-to-earnings ratio of -0.20 and a beta of -0.22. The company has a fifty day moving average price of $6.34 and a two-hundred day moving average price of $6.12.

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

About Aqua Metals

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.