Short Interest in 374Water Inc. (NASDAQ:SCWO) Expands By 20.6%

374Water Inc. (NASDAQ:SCWO) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 289,012 shares, an increase of 20.6% from the January 15th total of 239,710 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 172,284 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 172,284 shares, the short-interest ratio is presently 1.7 days. Approximately 2.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research firms have issued reports on SCWO. Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of 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.com, the company presently has a consensus rating of “Sell”.

Insider Buying and Selling at 374Water

In other 374Water news, CEO Stephen J. Jones purchased 45,000 shares of the 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 acquisition, the chief executive officer directly owned 105,572 shares in the company, valued at $242,815.60. This trade represents a 74.29% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SCWO. Jane Street Group LLC purchased a new stake in shares of 374Water in the 2nd quarter worth $28,000. Y Intercept Hong Kong Ltd purchased a new stake in 374Water in the second quarter worth about $35,000. TFO Wealth Partners LLC purchased a new position in shares of 374Water during the 3rd quarter valued at about $34,000. Two Sigma Investments LP purchased a new position in shares of 374Water during the 3rd quarter valued at about $41,000. Finally, D.A. Davidson & CO. grew its stake in shares of 374Water by 29.1% during the 2nd quarter. D.A. Davidson & CO. now owns 736,545 shares of the company’s stock valued at $239,000 after acquiring an additional 166,080 shares during the period. Hedge funds and other institutional investors own 12.16% of the company’s stock.

374Water Price Performance

NASDAQ SCWO opened at $2.76 on Thursday. The company has a 50-day moving average price of $2.63 and a 200-day moving average price of $3.12. 374Water has a 52 week low of $1.63 and a 52 week high of $10.90. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $46.70 million, a P/E ratio of -2.30 and a beta of -0.11.

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.