Aqua Metals, Inc. (NASDAQ:AQMS) Short Interest Down 10.0% in July

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 3,320,000 shares, a decrease of 10.0% from the July 15th total of 3,690,000 shares. Based on an average trading volume of 583,700 shares, the short-interest ratio is currently 5.7 days.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. HC Wainwright reduced their price objective on Aqua Metals from $4.00 to $2.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Benchmark dropped their price objective on shares of Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating on the stock in a report on Tuesday, August 6th.

Hedge Funds Weigh In On Aqua Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of Aqua Metals by 32.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,444,567 shares of the business services provider’s stock worth $1,098,000 after purchasing an additional 351,175 shares during the last quarter. AWM Investment Company Inc. grew its holdings in Aqua Metals by 100.0% during 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 during the last quarter. Finally, Boston Partners increased its position in Aqua Metals by 16.0% in the 1st quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock valued at $331,000 after acquiring an additional 85,019 shares in the last quarter. 21.98% of the stock is currently owned by institutional investors.

Aqua Metals Stock Down 9.1 %

Shares of NASDAQ AQMS opened at $0.23 on Tuesday. The business has a fifty day simple moving average of $0.32 and a 200-day simple moving average of $0.44. The company has a market cap of $26.30 million, a price-to-earnings ratio of -0.93 and a beta of 1.00. Aqua Metals has a 12 month low of $0.18 and a 12 month high of $1.21.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). During the same quarter in the previous year, the company earned ($0.06) EPS. As a group, sell-side analysts expect that Aqua Metals will post -0.2 EPS for the current fiscal year.

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.