Aqua Metals, Inc. (NASDAQ:AQMS) Short Interest Down 19.3% in February

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 361,268 shares, a drop of 19.3% from the February 12th total of 447,495 shares. Based on an average daily volume of 28,832 shares, the days-to-cover ratio is currently 12.5 days. Approximately 13.2% of the shares of the company are short sold. Approximately 13.2% of the shares of the company are short sold. Based on an average daily volume of 28,832 shares, the days-to-cover ratio is currently 12.5 days.

Institutional Investors Weigh In On Aqua Metals

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

Wall Street Analyst Weigh In

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

Aqua Metals Price Performance

AQMS opened at $4.66 on Friday. The stock’s 50 day moving average price is $5.11 and its 200 day moving average price is $6.20. The stock has a market cap of $13.89 million, a P/E ratio of -0.15 and a beta of -0.03. Aqua Metals has a 12 month low of $3.37 and a 12 month high of $39.40.

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.