Aqua Metals, Inc. (NASDAQ:AQMS) Sees Large Increase in Short Interest

Aqua Metals, Inc. (NASDAQ:AQMSGet Free Report) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 444,400 shares, an increase of 50.8% from the December 15th total of 294,600 shares. Based on an average daily volume of 190,400 shares, the short-interest ratio is presently 2.3 days. Currently, 6.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC lifted its holdings in Aqua Metals, Inc. (NASDAQ:AQMSFree Report) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,341,382 shares of the business services provider’s stock after acquiring an additional 249,266 shares during the quarter. Geode Capital Management LLC owned approximately 19.67% of Aqua Metals worth $251,000 at the end of the most recent reporting period. 21.98% of the stock is currently owned by hedge funds and other institutional investors.

Aqua Metals Price Performance

Shares of Aqua Metals stock traded up $0.02 during midday trading on Friday, hitting $2.03. 35,476 shares of the company were exchanged, compared to its average volume of 96,196. The firm has a 50 day simple moving average of $2.19 and a 200-day simple moving average of $3.75. Aqua Metals has a 52 week low of $1.33 and a 52 week high of $14.14. The firm has a market cap of $14.47 million, a P/E ratio of -0.43 and a beta of 1.00.

About Aqua Metals

(Get Free Report)

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.

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