Aqua Metals, Inc. (NASDAQ:AQMS) Short Interest Up 162.6% in September

Aqua Metals, Inc. (NASDAQ:AQMS) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 125,000 shares, a growth of 162.6% from the September 15th total of 47,600 shares. Based on an average trading volume of 843,700 shares, the short-interest ratio is presently 0.1 days. Currently, 8.1% of the company’s stock are sold short. Currently, 8.1% of the company’s stock are sold short. Based on an average trading volume of 843,700 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aqua Metals in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.00.

Institutional Trading of Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Baird Financial Group Inc. increased its stake in Aqua Metals, Inc. (NASDAQ:AQMS) by 81.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 671,858 shares of the business services provider’s stock after acquiring an additional 300,787 shares during the period. Baird Financial Group Inc. owned about 8.10% of Aqua Metals worth $1,256,000 as of its most recent SEC filing. Institutional investors own 21.98% of the company’s stock.

Aqua Metals Stock Down 15.5%

Aqua Metals stock opened at $12.30 on Tuesday. Aqua Metals has a twelve month low of $3.37 and a twelve month high of $39.40. The firm has a 50 day moving average price of $5.95 and a 200-day moving average price of $7.86. The company has a market capitalization of $18.20 million, a P/E ratio of -0.34 and a beta of 0.40.

Aqua Metals (NASDAQ:AQMS) last released its earnings results on Wednesday, August 13th. The business services provider reported ($7.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($6.00) by ($1.44). Equities analysts expect that Aqua Metals will post -2.8 EPS for the current fiscal 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.