374Water Inc. (NASDAQ:SCWO) Short Interest Up 32.2% in February

374Water Inc. (NASDAQ:SCWO) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 381,971 shares, an increase of 32.2% from the January 29th total of 289,012 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 79,856 shares, the days-to-cover ratio is currently 4.8 days. Based on an average daily trading volume, of 79,856 shares, the days-to-cover ratio is currently 4.8 days. Currently, 2.7% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

SCWO has been the topic of several research reports. Wall Street Zen upgraded shares of 374Water to a “sell” rating in a report on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Insider Activity at 374Water

In other news, CEO Stephen J. Jones bought 45,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average price of $2.30 per share, for a total transaction of $103,500.00. Following the completion of the acquisition, the chief executive officer owned 105,572 shares of the company’s stock, valued at approximately $242,815.60. This trade represents a 74.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On 374Water

A number of hedge funds and other institutional investors have recently bought and sold shares of SCWO. D.A. Davidson & CO. increased its position in shares of 374Water by 37.5% in the 3rd quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock valued at $291,000 after purchasing an additional 276,349 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of 374Water in the 4th quarter valued at $26,000. Jane Street Group LLC acquired a new stake in shares of 374Water during the second quarter worth about $28,000. CW Advisors LLC acquired a new position in shares of 374Water in the second quarter valued at approximately $117,000. Finally, Two Sigma Investments LP purchased a new position in 374Water during the 3rd quarter worth $41,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

374Water Stock Down 0.4%

374Water stock traded down $0.01 during midday trading on Tuesday, reaching $2.69. The company’s stock had a trading volume of 41,678 shares, compared to its average volume of 59,805. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.00. 374Water has a 52-week low of $1.63 and a 52-week high of $10.90. The stock has a market capitalization of $45.51 million, a P/E ratio of -2.24 and a beta of -0.04. The stock’s 50-day simple moving average is $2.67 and its 200-day simple moving average is $3.14.

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.