Short Interest in 374Water Inc. (NASDAQ:SCWO) Drops By 79.3%

374Water Inc. (NASDAQ:SCWO) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 382,365 shares, a decline of 79.3% from the December 15th total of 1,846,756 shares. Based on an average daily volume of 304,185 shares, the short-interest ratio is currently 1.3 days. Approximately 2.7% of the shares of the company are sold short. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 304,185 shares, the short-interest ratio is currently 1.3 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SCWO shares. Wall Street Zen raised 374Water to a “sell” rating in a research note on Saturday, December 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

374Water Stock Performance

Shares of SCWO stock opened at $2.55 on Tuesday. The firm has a market capitalization of $43.15 million, a price-to-earnings ratio of -2.13 and a beta of -0.07. The stock has a fifty day moving average of $2.72 and a 200 day moving average of $3.02. 374Water has a 52 week low of $1.63 and a 52 week high of $10.90. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.01.

374Water (NASDAQ:SCWO) last announced its earnings results on Wednesday, November 12th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.20). The firm had revenue of $0.76 million during the quarter, compared to the consensus estimate of $10.50 million. 374Water had a negative return on equity of 160.15% and a negative net margin of 911.15%.

Insider Buying and Selling at 374Water

In related news, CEO Stephen J. Jones purchased 45,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of $2.30 per share, with a total value of $103,500.00. Following the acquisition, the chief executive officer owned 105,572 shares of the company’s stock, valued at $242,815.60. This trade represents a 74.29% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Yaacov Nagar sold 47,321 shares of 374Water stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $4.30, for a total value of $203,480.30. Following the completion of the sale, the insider directly owned 3,211,263 shares of the company’s stock, valued at approximately $13,808,430.90. This trade represents a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 144,567 shares of company stock worth $655,986. Insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On 374Water

Large investors have recently modified their holdings of the stock. D.A. Davidson & CO. grew its holdings in shares of 374Water by 29.1% in the second quarter. D.A. Davidson & CO. now owns 736,545 shares of the company’s stock worth $239,000 after acquiring an additional 166,080 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in 374Water in the second quarter worth about $35,000. TFO Wealth Partners LLC bought a new stake in shares of 374Water during the 3rd quarter valued at about $34,000. Two Sigma Investments LP purchased a new stake in shares of 374Water during the 3rd quarter valued at about $41,000. Finally, Jane Street Group LLC purchased a new stake in shares of 374Water during the 2nd quarter valued at about $28,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

About 374Water

374Water, Inc (NASDAQ: SCWO) develops and commercializes advanced water treatment technologies based on supercritical water oxidation (SCWO). The company’s flagship offering utilizes high-temperature and high-pressure conditions to oxidize organic contaminants in industrial and agricultural wastewater, converting harmful substances into benign end products such as clean water, carbon dioxide, and salts. This proprietary process is capable of destroying a wide range of pollutants, including hydrocarbons, PFAS, and biological sludges, without the need for harmful chemicals or lengthy residence times.

In addition to manufacturing modular SCWO reactors, 374Water provides end-to-end solutions encompassing system design, engineering, installation, pilot testing, commissioning, and ongoing maintenance.