Short Interest in Aqua Metals, Inc. (NASDAQ:AQMS) Grows By 27.8%

Aqua Metals, Inc. (NASDAQ:AQMS) saw a significant growth in short interest in 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. Currently, 3.9% of the company’s stock are sold short. Based on an average trading volume of 71,100 shares, the short-interest ratio is presently 3.7 days.

Aqua Metals Stock Performance

Shares of Aqua Metals stock traded down $0.03 on Monday, hitting $2.36. 20,564 shares of the company traded hands, compared to its average volume of 37,647. Aqua Metals has a 52 week low of $1.33 and a 52 week high of $18.80. The business has a 50-day simple moving average of $2.81 and a 200 day simple moving average of $4.99. The stock has a market capitalization of $16.83 million, a P/E ratio of -0.50 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AQMS. HC Wainwright decreased their price objective on shares of Aqua Metals from $80.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Benchmark decreased their price objective on shares of Aqua Metals from $40.00 to $20.00 and set a “speculative buy” rating for the company in a report on Tuesday, August 6th.

Institutional Trading of Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Boston Partners increased its stake in Aqua Metals, Inc. (NASDAQ:AQMS) by 16.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 615,909 shares of the business services provider’s stock after acquiring an additional 85,019 shares during the period. Boston Partners owned approximately 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.