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

Aqua Metals, Inc. (NASDAQ:AQMS) was the target of a large growth in short interest in the month of 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 trading volume, of 566,600 shares, the short-interest ratio is presently 6.2 days.

Institutional Trading of Aqua Metals

A number of institutional investors have recently bought and sold shares of the business. Boston Partners boosted its holdings in Aqua Metals by 16.0% in the 1st quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock valued at $331,000 after purchasing an additional 85,019 shares during the period. AWM Investment Company Inc. boosted its holdings 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 valued at $968,000 after purchasing an additional 900,000 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of 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 in the last quarter. Institutional investors own 21.98% of the company’s stock.

Aqua Metals Stock Down 4.2 %

NASDAQ AQMS opened at $0.15 on Wednesday. The company has a market capitalization of $17.23 million, a P/E ratio of -0.61 and a beta of 0.99. Aqua Metals has a 12-month low of $0.14 and a 12-month high of $1.04. The firm has a 50-day moving average price of $0.20 and a two-hundred day moving average price of $0.34.

Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). During the same quarter in the prior year, the company posted ($0.06) earnings per share. Equities analysts expect that Aqua Metals will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AQMS. HC Wainwright reduced their target price on shares of Aqua Metals from $4.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Benchmark reduced their target price 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.

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.