374Water Inc. (NASDAQ:SCWO) Short Interest Up 22.9% in March

374Water Inc. (NASDAQ:SCWO) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,490,000 shares, an increase of 22.9% from the February 28th total of 2,840,000 shares. Based on an average trading volume of 321,500 shares, the short-interest ratio is currently 10.9 days. Approximately 4.8% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a research report on Saturday, March 22nd.

374Water Price Performance

Shares of NASDAQ:SCWO opened at $0.34 on Thursday. The business has a fifty day moving average price of $0.39 and a 200-day moving average price of $0.88. The company has a market capitalization of $45.28 million, a PE ratio of -4.25 and a beta of -0.01. 374Water has a 1-year low of $0.30 and a 1-year high of $1.99.

374Water (NASDAQ:SCWO) last announced its quarterly earnings data on Thursday, March 27th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.10 million.

Insider Activity at 374Water

In other 374Water news, major shareholder Yaacov Nagar sold 69,570 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $0.68, for a total transaction of $47,307.60. Following the completion of the transaction, the insider now owns 37,050,752 shares of the company’s stock, valued at approximately $25,194,511.36. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 567,224 shares of company stock valued at $289,063 in the last three months. Company insiders own 54.32% of the company’s stock.

Institutional Investors Weigh In On 374Water

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in 374Water by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock valued at $2,118,000 after acquiring an additional 158,482 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 374Water by 324.7% during the third quarter. JPMorgan Chase & Co. now owns 124,580 shares of the company’s stock valued at $169,000 after purchasing an additional 95,249 shares in the last quarter. Barclays PLC lifted its holdings in shares of 374Water by 299.1% during the third quarter. Barclays PLC now owns 94,506 shares of the company’s stock valued at $128,000 after purchasing an additional 70,828 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 374Water by 20.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock valued at $678,000 after buying an additional 83,198 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in 374Water by 8.5% in the 4th quarter. D.A. Davidson & CO. now owns 469,180 shares of the company’s stock worth $320,000 after buying an additional 36,645 shares in the last quarter. Institutional investors own 12.16% of the company’s stock.

374Water Company Profile

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.