Aqua Metals, Inc. (NASDAQ:AQMS) Sees Significant Decline in Short Interest

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 207,800 shares, a decrease of 94.5% from the October 15th total of 3,810,000 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average daily volume of 43,500 shares, the short-interest ratio is presently 4.8 days.

Institutional Trading of Aqua Metals

Several large investors have recently made changes to their positions in the business. Boston Partners boosted its stake in shares of Aqua Metals by 16.0% in the first quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock worth $331,000 after buying an additional 85,019 shares during the last quarter. Russell Investments Group Ltd. lifted 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 valued at $889,000 after acquiring an additional 208,432 shares during the period. Finally, AWM Investment Company Inc. boosted its position in Aqua Metals by 100.0% in the 1st quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock worth $968,000 after purchasing an additional 900,000 shares in the last quarter. 21.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AQMS. Benchmark reduced their target price on Aqua Metals from $40.00 to $20.00 and set a “speculative buy” rating on the stock in a research report on Tuesday, August 6th. HC Wainwright lowered their target price on shares of Aqua Metals from $80.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th.

Aqua Metals Trading Down 3.7 %

Shares of AQMS stock traded down $0.08 during mid-day trading on Tuesday, reaching $2.07. The stock had a trading volume of 19,546 shares, compared to its average volume of 29,776. Aqua Metals has a 1-year low of $2.07 and a 1-year high of $19.78. The firm has a market cap of $14.12 million, a price-to-earnings ratio of -0.45 and a beta of 1.02. The business’s fifty day moving average is $3.42 and its 200-day moving average is $5.72.

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.