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

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. HC Wainwright dropped their target price on shares of Aqua Metals from $80.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Benchmark cut their target price on Aqua Metals from $40.00 to $20.00 and set a “speculative buy” rating for the company in a research report on Tuesday, August 6th.

Institutional Trading of Aqua Metals

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

Aqua Metals Trading Down 3.7 %

Shares of NASDAQ:AQMS traded down $0.08 during trading on Tuesday, reaching $2.07. The company’s stock had a trading volume of 19,546 shares, compared to its average volume of 29,776. The stock has a market capitalization of $14.12 million, a PE ratio of -0.45 and a beta of 1.02. The firm’s 50 day simple moving average is $3.42 and its two-hundred day simple moving average is $5.72. Aqua Metals has a 12 month low of $2.07 and a 12 month high of $19.78.

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.