Short Interest in Aqua Metals, Inc. (NASDAQ:AQMS) Increases By 101.3%

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 428,269 shares, an increase of 101.3% from the January 15th total of 212,797 shares. Currently, 15.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,262,397 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 1,262,397 shares, the days-to-cover ratio is currently 0.3 days. Currently, 15.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On Aqua Metals

Large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Aqua Metals by 844.5% during the third quarter. Bank of America Corp DE now owns 4,477 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4,003 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Aqua Metals during the 3rd quarter valued at $82,000. Hamilton Capital Partners LLC bought a new position in Aqua Metals in the 4th quarter worth $84,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Aqua Metals in the 4th quarter worth about $129,000. 21.98% of the stock is currently owned by institutional investors.

Aqua Metals Trading Up 0.9%

AQMS stock opened at $4.36 on Friday. The stock has a market capitalization of $12.99 million, a price-to-earnings ratio of -0.14 and a beta of -0.03. The firm’s 50-day moving average price is $5.51 and its two-hundred day moving average price is $6.06. Aqua Metals has a 12-month low of $3.37 and a 12-month high of $39.40.

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 the consensus estimate of ($6.00) by $3.81. Equities analysts predict that Aqua Metals will post -2.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aqua Metals in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Aqua Metals has an average rating of “Hold” and a consensus price target of $30.00.

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.