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

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 3,530,000 shares, a growth of 19.7% from the September 15th total of 2,950,000 shares. Based on an average daily volume of 566,600 shares, the days-to-cover ratio is currently 6.2 days.

Aqua Metals Stock Down 3.9 %

AQMS opened at $0.16 on Tuesday. The stock’s 50 day moving average price is $0.20 and its two-hundred day moving average price is $0.34. The firm has a market capitalization of $17.99 million, a P/E ratio of -0.64 and a beta of 0.99. Aqua Metals has a 12-month low of $0.14 and a 12-month high of $1.04.

Aqua Metals (NASDAQ:AQMS) last released its earnings results on Monday, August 5th. The business services provider reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same period last year, the company earned ($0.06) EPS. As a group, analysts anticipate that Aqua Metals will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

AQMS has been the topic of a number of research analyst reports. HC Wainwright lowered their price target on Aqua Metals from $4.00 to $2.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Benchmark reduced 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 research report on Tuesday, August 6th.

Institutional Investors Weigh In On Aqua Metals

Several large investors have recently made changes to their positions in AQMS. Boston Partners raised its position in shares of Aqua Metals by 16.0% during the first 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 during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Aqua Metals by 14.4% during 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. grew 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 acquiring an additional 900,000 shares during the period. Institutional investors own 21.98% of the company’s stock.

About Aqua Metals

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.