Short Interest in Aqua Metals, Inc. (NASDAQ:AQMS) Declines By 29.9%

Aqua Metals, Inc. (NASDAQ:AQMS) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 311,500 shares, a drop of 29.9% from the December 31st total of 444,400 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average trading volume of 197,200 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC increased its holdings in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,341,382 shares of the business services provider’s stock after acquiring an additional 249,266 shares during the period. Geode Capital Management LLC owned about 19.67% of Aqua Metals worth $251,000 at the end of the most recent quarter. Institutional investors and hedge funds own 21.98% of the company’s stock.

Aqua Metals Price Performance

Shares of NASDAQ:AQMS traded down $0.07 during trading on Friday, reaching $1.76. 58,570 shares of the stock were exchanged, compared to its average volume of 80,939. Aqua Metals has a 1-year low of $1.33 and a 1-year high of $14.14. The stock has a fifty day moving average of $2.19 and a two-hundred day moving average of $3.36. The firm has a market cap of $12.55 million, a price-to-earnings ratio of -0.37 and a beta of 1.00.

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.