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

Key Points

• Short interest for 374Water Inc. declined by 43.7% in September, with a total of 597,100 shares sold short, indicating reduced bearish sentiment on the stock.
• Major shareholder Yaacov Nagar sold 1,499,000 shares at an average price of $0.46, resulting in a 4.19% decrease in their ownership.
• 374Water's stock currently has an average rating of "Sell" from analysts, reflecting ongoing concerns over its financial performance and operational challenges.

374Water Inc. (NASDAQ:SCWO - Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 597,100 shares, a decline of 43.7% from the September 15th total of 1,060,000 shares. Based on an average trading volume of 4,460,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.9% of the company's stock are sold short. Currently, 0.9% of the company's stock are sold short. Based on an average trading volume of 4,460,000 shares, the short-interest ratio is currently 0.1 days.

Insider Activity

In related news, major shareholder Yaacov Nagar sold 1,499,000 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $0.46, for a total value of $689,540.00. Following the completion of the transaction, the insider directly owned 34,258,325 shares of the company's stock, valued at $15,758,829.50. This trade represents a 4.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 2,980,967 shares of company stock worth $1,420,559 in the last 90 days. Corporate insiders own 20.30% of the company's stock.

Hedge Funds Weigh In On 374Water

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in 374Water during the second quarter valued at $28,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of 374Water during the 2nd quarter valued at about $35,000. Nuveen LLC acquired a new stake in shares of 374Water during the 1st quarter valued at about $37,000. TFO Wealth Partners LLC purchased a new position in shares of 374Water in the 3rd quarter valued at about $34,000. Finally, Patron Partners LLC raised its holdings in 374Water by 62.5% in the 1st quarter. Patron Partners LLC now owns 130,000 shares of the company's stock worth $44,000 after purchasing an additional 50,000 shares during the period. 12.16% of the stock is currently owned by institutional investors and hedge funds.

374Water Trading Down 4.8%

Shares of NASDAQ SCWO traded down $0.02 during trading on Tuesday, reaching $0.37. 5,868,426 shares of the company traded hands, compared to its average volume of 2,438,855. The stock has a market cap of $56.50 million, a P/E ratio of -3.40 and a beta of -0.40. The firm's fifty day simple moving average is $0.36 and its 200 day simple moving average is $0.32. 374Water has a 12-month low of $0.16 and a 12-month high of $1.95.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on SCWO. Wall Street Zen raised shares of 374Water to a "sell" rating in a report on Saturday. Weiss Ratings reissued a "sell (e+)" rating on shares of 374Water in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, 374Water has an average rating of "Sell".

374Water Company Profile

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.

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