Short Interest in Aqua Metals, Inc. (NASDAQ:AQMS) Declines By 19.2%

Aqua Metals, Inc. (NASDAQ:AQMS) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 291,979 shares, a decrease of 19.2% from the February 26th total of 361,268 shares. Based on an average trading volume of 34,649 shares, the days-to-cover ratio is currently 8.4 days. Currently, 10.7% of the shares of the stock are short sold.

Aqua Metals Price Performance

AQMS opened at $3.63 on Monday. The stock has a fifty day moving average of $4.79 and a 200-day moving average of $6.24. The firm has a market capitalization of $10.82 million, a P/E ratio of -0.12 and a beta of -0.03. Aqua Metals has a 12-month low of $3.37 and a 12-month high of $39.40.

Institutional Investors Weigh In On Aqua Metals

Several hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in Aqua Metals by 844.5% during the 3rd quarter. Bank of America Corp DE now owns 4,477 shares of the business services provider’s stock worth $29,000 after acquiring an additional 4,003 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Aqua Metals in the 4th quarter valued at about $61,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Aqua Metals in the fourth quarter worth approximately $77,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Aqua Metals in the third quarter worth approximately $82,000. Finally, Hamilton Capital Partners LLC acquired a new stake in shares of Aqua Metals during the fourth quarter worth approximately $84,000. 21.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Aqua Metals Company Profile

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.