It is trading at $4.41 well below the 50 day moving average of $6.12 and significantly lower than the 200 day moving average of $6.12. The 50 day moving average was down by -27.94% and the 200 day average moved down $-1.71. (NASDAQ:AQMS) shares saw light trading volume with 30K shares changing hands on Tuesday. Trading volume was down 91.94% under the stocks average daily volume.
Investors are more bullish on shares of the company recently if you watch the change in short interest. The company saw a fall in short interest of -6.10% as of September 29, 2017 from the last reporting period. Short shares fell 236,899 over that timeframe. With short interest at 3,647,303 and short average daily volume at 466,144, days to cover is 8.0 and the short interest percentage is 0.18% as of September 29.
A few notable investment firms have updated their holdings. As of quarter end Dnb Asset Management As had acquired a total of 9,421 shares growing its position 64.5%. The value of the company’s investment in Aqua Metals, Inc. went from $285,000 to $302,665,000 a change of 106,098.2% quarter over quarter. Ubs Group Ag augmented its stake by buying 35,501 shares an increase of 10,380.4% from 03/31/2017 to 06/30/2017. Ubs Group Ag now holds 35,843 shares worth $450,000. The total value of its holdings increased 6,328.6%.
As of the end of the quarter Cutler Group LP had bought 10,577 shares growing its holdings by 726.4%. The value of the investment in (AQMS) increased from $18,000 to $82,000 increasing 355.6% quarter to quarter. As of quarter end Bank Of Montreal /can/ had acquired 6,972 shares growing its stake by 498.7%. The value of the total investment in Aqua Metals, Inc. went from $18,000 to $57,000 a change of $39,000 for the reporting period.
As of the last earnings report the EPS was $-1.23 and is projected to be $-1.17 for the current year with 20,165,000 shares presently outstanding. Next quarter’s EPS is forecasted at $-0.23 with next year’s EPS projected to be $-0.48.
Aqua Metals, Inc., launched on June 20, 2014, is involved in the business of recycling lead through a process that the Company developed and named AquaRefining. The Business’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead. The modular nature of AquaRefining makes it possible to start LAB recycling at a much smaller scale than is possible with smelters. Its AquaRefining process begins with the crushing of used LABs and the separation of the metallic lead, active material (lead compounds), sulfuric acid and plastic for recycling. The active material is dissolved in its solvent. The primary lead is then stripped from the solvent using its automated process allowing the solvent to be reused continuously and indefinitely..