374Water Inc. (NASDAQ:SCWO) Short Interest Down 79.3% in December

374Water Inc. (NASDAQ:SCWO) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 382,365 shares, a decline of 79.3% from the December 15th total of 1,846,756 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average trading volume of 304,185 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 304,185 shares, the short-interest ratio is presently 1.3 days. Approximately 2.7% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SCWO shares. Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of 374Water to a “sell” rating in a research report on Saturday, December 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, 374Water currently has an average rating of “Sell”.

Insider Activity

In other news, major shareholder Yaacov Nagar sold 47,321 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $4.30, for a total transaction of $203,480.30. Following the completion of the transaction, the insider owned 3,211,263 shares in the company, valued at $13,808,430.90. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Stephen J. Jones bought 45,000 shares of 374Water stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average cost of $2.30 per share, for a total transaction of $103,500.00. Following the completion of the acquisition, the chief executive officer directly owned 105,572 shares of the company’s stock, valued at approximately $242,815.60. The trade was a 74.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 108,181 shares of company stock valued at $466,779 in the last three months. Insiders own 16.30% of the company’s stock.

Institutional Trading of 374Water

Institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in shares of 374Water by 29.1% during the second quarter. D.A. Davidson & CO. now owns 736,545 shares of the company’s stock valued at $239,000 after buying an additional 166,080 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in 374Water during the 2nd quarter valued at $35,000. CW Advisors LLC bought a new position in 374Water in the 2nd quarter valued at $117,000. Marshall Wace LLP purchased a new stake in 374Water in the second quarter worth $57,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of 374Water during the second quarter worth $93,000. Institutional investors own 12.16% of the company’s stock.

374Water Trading Down 2.1%

Shares of NASDAQ SCWO traded down $0.06 during trading hours on Wednesday, hitting $2.53. 52,666 shares of the company traded hands, compared to its average volume of 148,294. The company’s 50 day moving average price is $2.69 and its 200 day moving average price is $3.02. 374Water has a 12 month low of $1.63 and a 12 month high of $10.90. The stock has a market capitalization of $42.74 million, a price-to-earnings ratio of -2.10 and a beta of -0.07. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01.

374Water (NASDAQ:SCWO) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.20). 374Water had a negative return on equity of 160.15% and a negative net margin of 911.15%.The firm had revenue of $0.76 million for the quarter, compared to analysts’ expectations of $10.50 million.

374Water Company Profile

374Water, Inc (NASDAQ: SCWO) develops and commercializes advanced water treatment technologies based on supercritical water oxidation (SCWO). The company’s flagship offering utilizes high-temperature and high-pressure conditions to oxidize organic contaminants in industrial and agricultural wastewater, converting harmful substances into benign end products such as clean water, carbon dioxide, and salts. This proprietary process is capable of destroying a wide range of pollutants, including hydrocarbons, PFAS, and biological sludges, without the need for harmful chemicals or lengthy residence times.

In addition to manufacturing modular SCWO reactors, 374Water provides end-to-end solutions encompassing system design, engineering, installation, pilot testing, commissioning, and ongoing maintenance.