374Water Inc. (NASDAQ:SCWO) Short Interest Up 32.2% in February

374Water Inc. (NASDAQ:SCWO) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 381,971 shares, a growth of 32.2% from the January 29th total of 289,012 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 79,856 shares, the days-to-cover ratio is presently 4.8 days. Based on an average trading volume of 79,856 shares, the days-to-cover ratio is presently 4.8 days. Approximately 2.7% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SCWO shares. Wall Street Zen upgraded 374Water to a “sell” rating in a research note on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 374Water has a consensus rating of “Sell”.

Insider Buying and Selling

In other 374Water news, CEO Stephen J. Jones purchased 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average cost of $2.30 per share, with a total value of $103,500.00. Following the acquisition, the chief executive officer directly owned 105,572 shares of the company’s stock, valued at approximately $242,815.60. This trade represents a 74.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 16.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On 374Water

Several hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. boosted its position in shares of 374Water by 37.5% during the third quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock worth $291,000 after purchasing an additional 276,349 shares in the last quarter. CW Advisors LLC acquired a new stake in 374Water during the 2nd quarter worth $117,000. Qube Research & Technologies Ltd acquired a new stake in 374Water during the 2nd quarter worth $93,000. Marshall Wace LLP bought a new position in 374Water during the second quarter worth about $57,000. Finally, Two Sigma Investments LP acquired a new position in 374Water in the third quarter valued at about $41,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

374Water Trading Up 7.1%

SCWO traded up $0.19 during midday trading on Monday, reaching $2.78. 24,951 shares of the company were exchanged, compared to its average volume of 111,348. The stock has a market capitalization of $46.95 million, a P/E ratio of -2.31 and a beta of -0.03. 374Water has a one year low of $1.63 and a one year high of $10.90. The stock’s 50-day simple moving average is $2.66 and its 200 day simple moving average is $3.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.00 and a current ratio of 1.44.

About 374Water

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.