Aqua Metals, Inc. (NASDAQ:AQMS) Sees Significant Increase in Short Interest

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 125,000 shares, an increase of 162.6% from the September 15th total of 47,600 shares. Based on an average daily volume of 843,700 shares, the short-interest ratio is currently 0.1 days. Approximately 8.1% of the shares of the company are short sold. Approximately 8.1% of the shares of the company are short sold. Based on an average daily volume of 843,700 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Baird Financial Group Inc. grew its holdings in Aqua Metals, Inc. (NASDAQ:AQMS) by 81.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 671,858 shares of the business services provider’s stock after buying an additional 300,787 shares during the quarter. Baird Financial Group Inc. owned 8.10% of Aqua Metals worth $1,256,000 as of its most recent filing with the SEC. 21.98% of the stock is currently owned by institutional investors.

Aqua Metals Stock Performance

Shares of AQMS stock opened at $14.56 on Friday. Aqua Metals has a 52-week low of $3.37 and a 52-week high of $39.40. The stock has a market cap of $20.47 million, a price-to-earnings ratio of -0.41 and a beta of 0.40. The firm has a fifty day moving average of $5.78 and a 200-day moving average of $7.95.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Wednesday, August 13th. The business services provider reported ($7.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($6.00) by ($1.44). On average, sell-side analysts predict that Aqua Metals will post -2.8 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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 assigned a Sell rating to the stock. According to data from MarketBeat, Aqua Metals currently has an average rating of “Hold” and a consensus price target of $30.00.

About Aqua Metals

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.