Aqua Metals, Inc. (NASDAQ:AQMS) Short Interest Up 7.9% in October

Aqua Metals, Inc. (NASDAQ:AQMS) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 3,810,000 shares, an increase of 7.9% from the September 30th total of 3,530,000 shares. Based on an average trading volume of 609,500 shares, the short-interest ratio is presently 6.3 days.

Analyst Ratings Changes

Several equities analysts have commented on the stock. HC Wainwright lowered their target price on shares of Aqua Metals from $4.00 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Benchmark lowered their target price on shares of Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating on the stock in a research note on Tuesday, August 6th.

Institutional Trading of Aqua Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AQMS. Boston Partners lifted its holdings in shares of Aqua Metals by 16.0% during the first quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock valued at $331,000 after acquiring an additional 85,019 shares during the period. Russell Investments Group Ltd. increased its position in shares of Aqua Metals by 14.4% during the 1st quarter. Russell Investments Group Ltd. now owns 1,652,999 shares of the business services provider’s stock worth $889,000 after purchasing an additional 208,432 shares in the last quarter. Finally, AWM Investment Company Inc. increased its position in shares of Aqua Metals by 100.0% during the 1st quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock worth $968,000 after purchasing an additional 900,000 shares in the last quarter. Institutional investors own 21.98% of the company’s stock.

Aqua Metals Stock Down 6.1 %

Shares of NASDAQ:AQMS opened at $0.15 on Thursday. The company has a market cap of $16.76 million, a price-to-earnings ratio of -0.59 and a beta of 0.99. The business has a 50 day moving average price of $0.19 and a 200 day moving average price of $0.31. Aqua Metals has a twelve month low of $0.14 and a twelve month high of $0.99.

Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). During the same period in the prior year, the firm earned ($0.06) earnings per share. Analysts anticipate that Aqua Metals will post -0.14 EPS for the current year.

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.