Aqua Metals, Inc. (NASDAQ:AQMS) Short Interest Update

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 3,810,000 shares, an increase of 7.9% from the September 30th total of 3,530,000 shares. Based on an average trading volume of 609,500 shares, the days-to-cover ratio is currently 6.3 days.

Hedge Funds Weigh In On Aqua Metals

Several hedge funds and other institutional investors have recently bought and sold shares of AQMS. Boston Partners raised its position in shares of Aqua Metals by 16.0% in the 1st quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock worth $331,000 after acquiring an additional 85,019 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Aqua Metals by 14.4% in the first quarter. Russell Investments Group Ltd. now owns 1,652,999 shares of the business services provider’s stock worth $889,000 after purchasing an additional 208,432 shares in the last quarter. Finally, AWM Investment Company Inc. lifted its stake in Aqua Metals by 100.0% in the first quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock valued at $968,000 after buying an additional 900,000 shares during the period. Institutional investors and hedge funds own 21.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. HC Wainwright decreased their price target on shares of Aqua Metals from $4.00 to $2.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Benchmark lowered their price target on shares of Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating for the company in a report on Tuesday, August 6th.

Aqua Metals Stock Performance

Shares of AQMS opened at $0.15 on Friday. The company has a market capitalization of $17.10 million, a PE ratio of -0.60 and a beta of 0.99. The stock’s 50-day moving average price is $0.19 and its two-hundred day moving average price is $0.31. Aqua Metals has a 12 month low of $0.14 and a 12 month high of $0.99.

Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings results on Monday, August 5th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). During the same quarter in the prior year, the business posted ($0.06) EPS. Equities research analysts predict that Aqua Metals will post -0.14 EPS for the current fiscal year.

Aqua Metals Company Profile

Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.