Aqua Metals, Inc. (NASDAQ:AQMS – Get Free Report) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 3,320,000 shares, a drop of 10.0% from the July 15th total of 3,690,000 shares. Based on an average daily volume of 583,700 shares, the days-to-cover ratio is presently 5.7 days.
Institutional Investors Weigh In On Aqua Metals
Large investors have recently bought and sold shares of the stock. Boston Partners increased its stake in shares of Aqua Metals by 16.0% in the first quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock worth $331,000 after purchasing an additional 85,019 shares in the last quarter. AWM Investment Company Inc. increased its stake in shares of Aqua Metals by 100.0% in the 1st quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock worth $968,000 after acquiring an additional 900,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in 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 valued at $889,000 after purchasing an additional 208,432 shares in the last quarter. 21.98% of the stock is currently owned by institutional investors and hedge funds.
Aqua Metals Trading Up 5.5 %
Shares of Aqua Metals stock opened at $0.26 on Monday. The company has a 50 day moving average of $0.32 and a 200-day moving average of $0.44. Aqua Metals has a 1-year low of $0.18 and a 1-year high of $1.21. The company has a market cap of $28.94 million, a PE ratio of -1.02 and a beta of 1.00.
Aqua Metals (NASDAQ:AQMS – Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). During the same quarter in the prior year, the company posted ($0.06) earnings per share. Research analysts forecast that Aqua Metals will post -0.2 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on AQMS shares. Benchmark lowered their price target on shares of Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating for the company in a report on Tuesday, August 6th. HC Wainwright lowered their target price on shares of Aqua Metals from $4.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday, August 6th.
Get Our Latest Report on Aqua Metals
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.
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