LiqTech International, Inc. (NASDAQ:LIQT) Short Interest Up 356.5% in May

LiqTech International, Inc. (NASDAQ:LIQT) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 282,299 shares, an increase of 356.5% from the May 14th total of 61,844 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 63,211 shares, the days-to-cover ratio is currently 4.5 days.

LiqTech International Trading Up 9.2%

LIQT stock traded up $0.08 during midday trading on Thursday, hitting $0.91. The company had a trading volume of 720,434 shares, compared to its average volume of 587,678. The company has a current ratio of 2.50, a quick ratio of 1.35 and a debt-to-equity ratio of 1.06. LiqTech International has a 52 week low of $0.74 and a 52 week high of $3.35. The stock’s 50 day moving average price is $1.76 and its 200 day moving average price is $1.73. The stock has a market cap of $9.06 million, a price-to-earnings ratio of -0.99 and a beta of 1.01.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.07). LiqTech International had a negative net margin of 55.45% and a negative return on equity of 79.64%. The company had revenue of $4.14 million during the quarter, compared to the consensus estimate of $4.50 million. As a group, equities research analysts expect that LiqTech International will post -0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LIQT has been the subject of several research reports. Weiss Ratings lowered LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. Ascendiant Capital Markets upped their target price on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, LiqTech International has an average rating of “Hold” and an average target price of $4.40.

Insider Transactions at LiqTech International

In other news, major shareholder Lp Bleichroeder bought 700,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $1.00 per share, with a total value of $700,000.00. Following the completion of the purchase, the insider directly owned 3,882,239 shares in the company, valued at $3,882,239. This represents a 22.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 12.80% of the stock is currently owned by corporate insiders.

Institutional Trading of LiqTech International

An institutional investor recently bought a new position in LiqTech International stock. StoneX Group Inc. acquired a new stake in LiqTech International, Inc. (NASDAQ:LIQT) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned about 0.30% of LiqTech International as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 35.06% of the company’s stock.

LiqTech International Company Profile

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.