374Water Inc. (NASDAQ:SCWO) Short Interest Update

Key Points

• 374Water Inc. experienced a 34.7% decline in short interest, with 692,200 shares shorted as of August 15 from 1,060,000 shares on July 31.
• Major shareholder Yaacov Nagar sold 103,379 shares for $43,419 on June 26, reducing his ownership by 0.29% to approximately $15.1 million worth of shares.
• In its most recent quarterly earnings report, 374Water missed revenue expectations significantly, reporting $0.60 million against a forecast of $5.20 million.

374Water Inc. (NASDAQ:SCWO - Get Free Report) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 692,200 shares, a decline of 34.7% from the July 31st total of 1,060,000 shares. Based on an average trading volume of 2,130,000 shares, the short-interest ratio is presently 0.3 days. Approximately 0.9% of the shares of the stock are short sold. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 2,130,000 shares, the short-interest ratio is presently 0.3 days.

374Water Trading Up 3.3%

Shares of 374Water stock traded up $0.01 during midday trading on Friday, reaching $0.40. The company had a trading volume of 151,193 shares, compared to its average volume of 1,040,998. The company has a market capitalization of $60.87 million, a price-to-earnings ratio of -3.66 and a beta of -0.30. The stock has a fifty day simple moving average of $0.26 and a 200 day simple moving average of $0.31. 374Water has a 1-year low of $0.16 and a 1-year high of $1.99.

374Water (NASDAQ:SCWO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The company had revenue of $0.60 million during the quarter, compared to analyst estimates of $5.20 million. 374Water had a negative net margin of 1,278.90% and a negative return on equity of 138.71%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of 374Water in a research note on Saturday, August 30th.

Insider Activity

In other news, major shareholder Yaacov Nagar sold 122,439 shares of 374Water stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $0.39, for a total value of $47,751.21. Following the completion of the transaction, the insider owned 35,813,175 shares in the company, valued at approximately $13,967,138.25. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 486,614 shares of company stock valued at $197,652 in the last three months. Insiders own 20.30% of the company's stock.

Institutional Trading of 374Water

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors increased its holdings in shares of 374Water by 4.4% in the fourth quarter. Captrust Financial Advisors now owns 670,888 shares of the company's stock valued at $458,000 after purchasing an additional 28,461 shares in the last quarter. Northern Trust Corp grew its holdings in 374Water by 6.7% during the 4th quarter. Northern Trust Corp now owns 516,867 shares of the company's stock worth $353,000 after acquiring an additional 32,285 shares during the period. Patron Partners LLC grew its holdings in 374Water by 62.5% during the 1st quarter. Patron Partners LLC now owns 130,000 shares of the company's stock worth $44,000 after acquiring an additional 50,000 shares during the period. Wealthedge Investment Advisors LLC acquired a new stake in 374Water during the 4th quarter worth $55,000. Finally, Jane Street Group LLC acquired a new stake in 374Water during the 2nd quarter worth $28,000. Institutional investors and hedge funds own 12.16% of the company's stock.

About 374Water

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.