Aqua Metals Inc (NASDAQ:AQMS) Short Interest Down 6.2% in October

Aqua Metals Inc (NASDAQ:AQMS) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 5,870,000 shares, a drop of 6.2% from the September 30th total of 6,260,000 shares. Approximately 11.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 252,000 shares, the short-interest ratio is presently 23.3 days.

Separately, ValuEngine upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

Shares of AQMS stock opened at $1.56 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.34 and a current ratio of 2.06. Aqua Metals has a 52-week low of $1.41 and a 52-week high of $4.33. The company has a market capitalization of $90.67 million, a PE ratio of -1.32 and a beta of 0.92. The business’s fifty day moving average is $1.71 and its 200 day moving average is $1.83.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.08). Aqua Metals had a negative return on equity of 71.49% and a negative net margin of 879.24%. The business had revenue of $2.36 million during the quarter, compared to analysts’ expectations of $1.90 million. On average, sell-side analysts forecast that Aqua Metals will post -0.8 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AQMS. AWM Investment Company Inc. raised its position in Aqua Metals by 42.2% during the second quarter. AWM Investment Company Inc. now owns 5,121,986 shares of the business services provider’s stock valued at $8,554,000 after purchasing an additional 1,519,500 shares in the last quarter. ICM Asset Management Inc. WA raised its position in Aqua Metals by 40.8% during the third quarter. ICM Asset Management Inc. WA now owns 1,769,509 shares of the business services provider’s stock valued at $3,008,000 after purchasing an additional 513,000 shares in the last quarter. Vanguard Group Inc. raised its position in Aqua Metals by 13.1% during the second quarter. Vanguard Group Inc. now owns 1,991,769 shares of the business services provider’s stock valued at $3,326,000 after purchasing an additional 231,206 shares in the last quarter. Worth Venture Partners LLC purchased a new stake in Aqua Metals during the second quarter valued at about $272,000. Finally, Advisor Group Inc. raised its position in Aqua Metals by 56.9% during the second quarter. Advisor Group Inc. now owns 195,815 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 70,973 shares in the last quarter. Institutional investors and hedge funds own 25.37% of the company’s stock.

Aqua Metals Company Profile

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in McCarran, Nevada.

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