374Water Inc. (NASDAQ:SCWO) Sees Large Growth in Short Interest

374Water Inc. (NASDAQ:SCWO) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,490,000 shares, an increase of 22.9% from the February 28th total of 2,840,000 shares. Approximately 4.8% of the shares of the company are sold short. Based on an average daily volume of 321,500 shares, the short-interest ratio is presently 10.9 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a research report on Saturday, March 22nd.

Insider Activity at 374Water

In other 374Water news, major shareholder Yaacov Nagar sold 61,268 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $0.63, for a total transaction of $38,598.84. Following the completion of the sale, the insider now directly owns 36,989,484 shares in the company, valued at approximately $23,303,374.92. The trade was a 0.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 567,224 shares of company stock worth $289,063 over the last quarter. Company insiders own 54.32% of the company’s stock.

Institutional Investors Weigh In On 374Water

Several hedge funds and other institutional investors have recently modified their holdings of SCWO. Charles Schwab Investment Management Inc. grew its holdings in 374Water by 20.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock valued at $678,000 after purchasing an additional 83,198 shares during the period. D.A. Davidson & CO. raised its stake in shares of 374Water by 10.6% in the third quarter. D.A. Davidson & CO. now owns 432,535 shares of the company’s stock worth $588,000 after buying an additional 41,620 shares during the period. Barclays PLC lifted its position in shares of 374Water by 299.1% during the 3rd quarter. Barclays PLC now owns 94,506 shares of the company’s stock valued at $128,000 after buying an additional 70,828 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 374Water by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock valued at $2,118,000 after acquiring an additional 158,482 shares during the period. Finally, Virtu Financial LLC purchased a new stake in 374Water in the 3rd quarter worth approximately $30,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

374Water Stock Down 0.6 %

NASDAQ SCWO opened at $0.34 on Thursday. The company has a 50-day moving average price of $0.39 and a 200-day moving average price of $0.88. 374Water has a 52 week low of $0.30 and a 52 week high of $1.99. The firm has a market capitalization of $45.28 million, a P/E ratio of -4.25 and a beta of -0.01.

374Water (NASDAQ:SCWO) last announced its earnings results on Thursday, March 27th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.10 million.

About 374Water

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.