Aqua Metals, Inc. (NASDAQ:AQMS) Short Interest Up 123.8% in June

Aqua Metals, Inc. (NASDAQ:AQMS) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 383,656 shares, an increase of 123.8% from the May 31st total of 171,455 shares. Based on an average daily trading volume, of 300,040 shares, the short-interest ratio is currently 1.3 days. Approximately 12.4% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

AQMS has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Aqua Metals in a report on Monday, April 20th. Benchmark reaffirmed a “speculative buy” rating on shares of Aqua Metals in a research note on Friday, June 12th. One equities 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.com, Aqua Metals has an average rating of “Hold”.

Hedge Funds Weigh In On Aqua Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp acquired a new stake in shares of Aqua Metals in the fourth quarter valued at approximately $269,000. Quadrature Capital Ltd bought a new stake in Aqua Metals in the 4th quarter valued at $61,000. Price T Rowe Associates Inc. MD acquired a new stake in Aqua Metals during the 4th quarter valued at $77,000. Geode Capital Management LLC bought a new position in Aqua Metals during the fourth quarter worth $129,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Aqua Metals in the third quarter valued at $82,000. Institutional investors own 21.98% of the company’s stock.

Aqua Metals Trading Up 1.7%

Shares of Aqua Metals stock traded up $0.05 on Wednesday, reaching $2.94. 8,289 shares of the company were exchanged, compared to its average volume of 189,113. The company has a market capitalization of $9.88 million, a price-to-earnings ratio of -0.27 and a beta of 0.25. Aqua Metals has a one year low of $2.51 and a one year high of $39.40. The company has a 50-day moving average of $3.97 and a 200 day moving average of $4.57.

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

About Aqua Metals

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.