LiqTech International, Inc. (NASDAQ:LIQT) Sees Significant Growth in Short Interest

LiqTech International, Inc. (NASDAQ:LIQT) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 229,397 shares, an increase of 304.0% from the June 30th total of 56,785 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 365,884 shares, the short-interest ratio is presently 0.6 days.

LiqTech International Price Performance

LiqTech International stock traded up $0.03 during trading hours on Monday, hitting $0.68. The stock had a trading volume of 101,476 shares, compared to its average volume of 269,411. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 1.35. The stock has a market capitalization of $6.76 million, a price-to-earnings ratio of -0.74 and a beta of 1.03. LiqTech International has a 1-year low of $0.62 and a 1-year high of $3.35. The stock’s fifty day moving average is $0.97 and its two-hundred day moving average is $1.51.

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

Insiders Place Their Bets

In related news, major shareholder Lp Bleichroeder acquired 700,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $1.00 per share, with a total value of $700,000.00. Following the transaction, the insider owned 3,882,239 shares of the company’s stock, valued at $3,882,239. The trade was a 22.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently bought a new position in LiqTech International stock. StoneX Group Inc. bought a new stake in shares of LiqTech International, Inc. (NASDAQ:LIQT) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 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 SEC. 35.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LIQT has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. Zacks Research downgraded shares of LiqTech International from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Finally, Ascendiant Capital Markets raised their target price on shares of 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 two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $4.40.

About LiqTech International

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.