Aqua Metals, Inc. (NASDAQ:AQMS – Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 3,900,000 shares, a decrease of 10.6% from the March 15th total of 4,360,000 shares. Based on an average daily volume of 446,900 shares, the short-interest ratio is presently 8.7 days.
Wall Street Analyst Weigh In
AQMS has been the topic of several recent research reports. Benchmark reaffirmed a “speculative buy” rating and issued a $2.00 price target on shares of Aqua Metals in a report on Thursday, March 28th. HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of Aqua Metals in a research report on Thursday, March 28th.
Check Out Our Latest Stock Report on AQMS
Aqua Metals Stock Performance
Hedge Funds Weigh In On Aqua Metals
A number of institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC increased its position in Aqua Metals by 1,573.3% during the third quarter. Kestra Advisory Services LLC now owns 561,250 shares of the business services provider’s stock worth $634,000 after purchasing an additional 527,708 shares during the last quarter. Barclays PLC purchased a new position in shares of Aqua Metals in the third quarter valued at $66,000. Ieq Capital LLC boosted its stake in shares of Aqua Metals by 6.7% in the third quarter. Ieq Capital LLC now owns 2,957,483 shares of the business services provider’s stock valued at $3,342,000 after purchasing an additional 184,641 shares during the period. Jump Financial LLC bought a new position in Aqua Metals during the 3rd quarter valued at $52,000. Finally, Boston Partners boosted its stake in Aqua Metals by 559.7% during the 3rd quarter. Boston Partners now owns 618,665 shares of the business services provider’s stock valued at $699,000 after acquiring an additional 524,888 shares during the last quarter. Institutional investors and hedge funds own 21.98% of the company’s stock.
Aqua Metals Company Profile
Aqua Metals, Inc engages in reinventing metals recycling with its patented AquaRefining technology. The company provides a recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. Its AquaRefining is a low-emissions, recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries.
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