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

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 204,537 shares, a drop of 46.7% from the June 15th total of 383,656 shares. Based on an average daily volume of 56,233 shares, the days-to-cover ratio is presently 3.6 days. Currently, 6.6% of the shares of the stock are sold short.

Aqua Metals Stock Up 1.4%

AQMS opened at $2.79 on Wednesday. Aqua Metals has a fifty-two week low of $2.51 and a fifty-two week high of $39.40. The firm has a market cap of $9.90 million, a PE ratio of -0.26 and a beta of 0.29. The business has a fifty day simple moving average of $3.59 and a 200-day simple moving average of $4.35.

Aqua Metals (NASDAQ:AQMS) last released its earnings results on Thursday, May 14th. The business services provider reported ($1.22) earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AQMS shares. Benchmark reissued a “speculative buy” rating on shares of Aqua Metals in a research report on Friday, June 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Aqua Metals in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Aqua Metals currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Aqua Metals

Institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd bought a new stake in Aqua Metals in the 4th quarter valued at $61,000. Price T Rowe Associates Inc. MD bought a new position in Aqua Metals during the fourth quarter worth about $77,000. Stifel Financial Corp acquired a new stake in Aqua Metals during the 4th quarter worth approximately $269,000. Geode Capital Management LLC bought a new position in Aqua Metals in the fourth quarter valued at approximately $129,000. Finally, Hamilton Capital Partners LLC acquired a new position in shares of Aqua Metals in the fourth quarter valued at approximately $84,000. 21.98% of the stock is currently owned by institutional investors.

Aqua Metals Company Profile

Aqua Metals Inc (NASDAQ: AQMS) is a technology-driven environmental company pioneering sustainable battery recycling solutions. The company’s core offering, branded as AquaRefining, utilizes an electrochemical process to recover lead, silver, and plastic components from spent lead-acid batteries without the need for high-temperature smelting. This water-based approach aims to eliminate air emissions and reduce energy consumption compared to conventional recycling methods.

Based in Reno, Nevada, Aqua Metals develops, manufactures, and licenses its proprietary modular recycling systems to industrial battery recyclers and battery manufacturers.