374Water Inc. (NASDAQ:SCWO) Short Interest Up 20.6% in January

374Water Inc. (NASDAQ:SCWO) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 289,012 shares, a growth of 20.6% from the January 15th total of 239,710 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 172,284 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 172,284 shares, the short-interest ratio is presently 1.7 days. Currently, 2.0% of the company’s shares are sold short.

Insider Buying and Selling at 374Water

In other news, CEO Stephen J. Jones bought 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average cost of $2.30 per share, with a total value of $103,500.00. Following the transaction, the chief executive officer directly owned 105,572 shares of the company’s stock, valued at approximately $242,815.60. This represents a 74.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. CW Advisors LLC acquired a new stake in 374Water in the second quarter valued at $117,000. Qube Research & Technologies Ltd acquired a new position in shares of 374Water in the second quarter worth about $93,000. D.A. Davidson & CO. increased its holdings in shares of 374Water by 37.5% in the 3rd quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock valued at $291,000 after purchasing an additional 276,349 shares during the period. Marshall Wace LLP purchased a new stake in shares of 374Water during the second quarter worth $57,000. Finally, Two Sigma Investments LP acquired a new position in 374Water in the third quarter worth approximately $41,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

374Water Price Performance

NASDAQ SCWO traded down $0.00 during trading on Wednesday, hitting $2.80. 47,040 shares of the stock traded hands, compared to its average volume of 127,466. The company has a market capitalization of $47.36 million, a P/E ratio of -2.32 and a beta of -0.11. The firm has a 50-day simple moving average of $2.63 and a 200-day simple moving average of $3.13. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. 374Water has a 12-month low of $1.63 and a 12-month high of $10.90.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SCWO shares. Wall Street Zen raised 374Water to a “sell” rating in a research note on Saturday, December 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 374Water has a consensus rating of “Sell”.

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.