374Water Inc. (NASDAQ:SCWO) Short Interest Down 37.3% in January

374Water Inc. (NASDAQ:SCWO) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 239,710 shares, a decline of 37.3% from the December 31st total of 382,365 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 143,875 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 143,875 shares, the short-interest ratio is currently 1.7 days. Approximately 1.7% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have recently 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 374Water to a “sell” rating in a research report on Saturday, December 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Insider Transactions at 374Water

In related news, CEO Stephen J. Jones acquired 45,000 shares of 374Water stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average cost of $2.30 per share, with a total value of $103,500.00. Following the completion of the purchase, the chief executive officer owned 105,572 shares of the company’s stock, valued at $242,815.60. This represents a 74.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On 374Water

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its holdings in shares of 374Water by 37.5% during the 3rd quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock valued at $291,000 after buying an additional 276,349 shares in the last quarter. CW Advisors LLC purchased a new position in 374Water during the 2nd quarter valued at about $117,000. Qube Research & Technologies Ltd bought a new stake in 374Water during the second quarter worth about $93,000. Marshall Wace LLP bought a new stake in 374Water during the second quarter worth about $57,000. Finally, Two Sigma Investments LP purchased a new stake in 374Water in the third quarter worth about $41,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

374Water Price Performance

SCWO stock opened at $3.23 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.00. 374Water has a 1 year low of $1.63 and a 1 year high of $10.90. The firm has a 50-day moving average of $2.58 and a 200 day moving average of $3.06. The company has a market cap of $54.65 million, a P/E ratio of -2.69 and a beta of -0.07.

374Water (NASDAQ:SCWO) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.20). 374Water had a negative net margin of 911.15% and a negative return on equity of 160.15%. The firm had revenue of $0.76 million for the quarter, compared to the consensus estimate of $10.50 million.

About 374Water

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.