Aqua Metals, Inc. (NASDAQ:AQMS) Short Interest Up 27.8% in November

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 265,600 shares, a growth of 27.8% from the October 31st total of 207,800 shares. Based on an average trading volume of 71,100 shares, the short-interest ratio is presently 3.7 days. Approximately 3.9% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. HC Wainwright lowered their target price on shares of Aqua Metals from $80.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Benchmark decreased their price objective on Aqua Metals from $40.00 to $20.00 and set a “speculative buy” rating on the stock in a research report on Tuesday, August 6th.

Aqua Metals Stock Performance

NASDAQ:AQMS traded up $0.09 during mid-day trading on Friday, hitting $2.39. The company had a trading volume of 60,637 shares, compared to its average volume of 37,722. Aqua Metals has a fifty-two week low of $1.33 and a fifty-two week high of $18.80. The firm has a market cap of $17.04 million, a P/E ratio of -0.50 and a beta of 1.02. The business’s fifty day moving average is $2.81 and its two-hundred day moving average is $5.05.

Institutional Investors Weigh In On Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Boston Partners increased its holdings in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 16.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 615,909 shares of the business services provider’s stock after buying an additional 85,019 shares during the quarter. Boston Partners owned 0.54% of Aqua Metals worth $331,000 as of its most recent SEC filing. Institutional investors own 21.98% of the company’s stock.

Aqua Metals Company Profile

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.