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

Aqua Metals, Inc. (NASDAQ:AQMS) was the target of a large growth in short interest during the month of 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 shares of the stock are short sold. Based on an average daily trading volume, of 71,100 shares, the days-to-cover ratio is currently 3.7 days.

Wall Street Analyst Weigh In

AQMS has been the topic of a number of research reports. Benchmark lowered their price objective on shares of Aqua Metals from $40.00 to $20.00 and set a “speculative buy” rating on the stock in a research note on Tuesday, August 6th. HC Wainwright lowered their price target on shares of Aqua Metals from $80.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Aqua Metals stock. Geode Capital Management LLC increased its position in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,341,382 shares of the business services provider’s stock after acquiring an additional 249,266 shares during the quarter. Geode Capital Management LLC owned approximately 19.67% of Aqua Metals worth $251,000 as of its most recent filing with the SEC. 21.98% of the stock is owned by institutional investors and hedge funds.

Aqua Metals Stock Up 3.9 %

Shares of NASDAQ:AQMS opened at $2.39 on Friday. The company has a market capitalization of $17.05 million, a P/E ratio of -0.50 and a beta of 1.02. Aqua Metals has a 52-week low of $1.33 and a 52-week high of $18.80. The stock’s fifty day simple moving average is $2.81 and its 200-day simple moving average is $5.05.

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.