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

374Water Inc. (NASDAQ:SCWO - Get Free Report) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 2,030,000 shares, a decrease of 31.6% from the December 31st total of 2,970,000 shares. Approximately 2.8% of the company's stock are sold short. Based on an average daily volume of 271,000 shares, the short-interest ratio is currently 7.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of 374Water in a report on Saturday.

374Water Stock Performance

Shares of NASDAQ:SCWO traded down $0.04 during midday trading on Tuesday, reaching $0.45. 201,539 shares of the company's stock traded hands, compared to its average volume of 390,503. The company has a market cap of $60.19 million, a price-to-earnings ratio of -5.64 and a beta of -0.42. 374Water has a one year low of $0.44 and a one year high of $1.99. The stock has a 50 day moving average of $0.74 and a 200 day moving average of $1.12.

Insider Buying and Selling

In related news, Director Marc Deshusses bought 32,000 shares of the company's stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $1.25 per share, with a total value of $40,000.00. Following the completion of the acquisition, the director now owns 22,652,451 shares of the company's stock, valued at $28,315,563.75. The trade was a 0.14 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris M. Gannon bought 120,000 shares of the company's stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $1.25 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,000 shares of the company's stock, valued at approximately $150,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 172,800 shares of company stock valued at $216,000 and have sold 204,806 shares valued at $179,894. 54.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of 374Water by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company's stock valued at $2,118,000 after purchasing an additional 158,482 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of 374Water by 1.7% during the third quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the company's stock valued at $1,587,000 after purchasing an additional 20,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 374Water by 20.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company's stock valued at $678,000 after purchasing an additional 83,198 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of 374Water by 8.5% during the fourth quarter. D.A. Davidson & CO. now owns 469,180 shares of the company's stock valued at $320,000 after purchasing an additional 36,645 shares in the last quarter. Finally, Sigma Planning Corp lifted its holdings in 374Water by 36.1% in the fourth quarter. Sigma Planning Corp now owns 183,960 shares of the company's stock valued at $126,000 after acquiring an additional 48,767 shares during the period. 12.16% of the stock is owned by institutional investors.

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.