Aqua Metals, Inc. (NASDAQ:AQMS) Sees Large Growth in Short Interest

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a large 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

AQMS traded up $0.09 on Friday, hitting $2.39. 60,637 shares of the company were exchanged, compared to its average volume of 37,722. The stock’s fifty day moving average is $2.81 and its 200-day moving average is $5.05. Aqua Metals has a 12 month low of $1.33 and a 12 month high of $18.80. The company has a market cap of $17.04 million, a PE ratio of -0.50 and a beta of 1.02.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Boston Partners increased its position in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 16.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 615,909 shares of the business services provider’s stock after buying an additional 85,019 shares during the period. Boston Partners owned 0.54% of Aqua Metals worth $331,000 as of its most recent filing with the Securities and Exchange Commission. 21.98% of the stock is currently owned by institutional investors.

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.