374Water (NASDAQ:SCWO) Sees Unusually-High Trading Volume

374Water, Inc. (NASDAQ:SCWO – Get Rating) shares saw unusually-high trading volume on Friday . Approximately 122,395 shares changed hands during mid-day trading, an increase of 54% from the previous session’s volume of 79,416 shares.The stock last traded at $3.95 and had previously closed at $3.95.

374Water Stock Up 1.8 %

The company’s 50 day moving average price is $3.24 and its 200-day moving average price is $3.19.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Credit Suisse AG purchased a new position in shares of 374Water in the second quarter worth approximately $28,000. Blair William & Co. IL purchased a new position in shares of 374Water in the fourth quarter worth approximately $29,000. Jane Street Group LLC purchased a new position in shares of 374Water in the second quarter worth approximately $32,000. Squarepoint Ops LLC purchased a new position in shares of 374Water in the fourth quarter worth approximately $40,000. Finally, Citigroup Inc. increased its position in shares of 374Water by 613.3% in the fourth quarter. Citigroup Inc. now owns 31,299 shares of the company’s stock worth $90,000 after acquiring an additional 26,911 shares in the last quarter. 4.98% of the stock is owned by hedge funds and other institutional investors.

About 374Water

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374Water, Inc is a clean technology company. It offers supercritical water oxidation (SWCO) waste processors. It caters to the municipal and industrial wastewater treatment plants, food waste, chemical plants, and army camps and emergency situations. The company was founded by Yaacov Nagar and Marc Deshusses on April 30, 2021 and is headquartered in Durham, NC.