LiqTech International, Inc. (NASDAQ:LIQT) Short Interest Update

LiqTech International, Inc. (NASDAQ:LIQT) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 134,801 shares, a decline of 41.2% from the July 15th total of 229,397 shares. Based on an average daily volume of 138,985 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LIQT. Zacks Research lowered LiqTech International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Ascendiant Capital Markets increased their target price on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings downgraded LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, LiqTech International has an average rating of “Reduce” and an average target price of $4.40.

LiqTech International Price Performance

Shares of NASDAQ:LIQT opened at $0.56 on Monday. The firm has a market cap of $5.58 million, a price-to-earnings ratio of -0.67 and a beta of 1.05. The firm has a fifty day moving average price of $0.75 and a 200 day moving average price of $1.39. LiqTech International has a fifty-two week low of $0.55 and a fifty-two week high of $3.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%. The company had revenue of $4.36 million for the quarter, compared to the consensus estimate of $6.00 million. As a group, sell-side analysts expect that LiqTech International will post -0.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Lp Bleichroeder purchased 700,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $1.00 per share, for a total transaction of $700,000.00. Following the completion of the transaction, the insider directly owned 3,882,239 shares in the company, valued at $3,882,239. This trade represents a 22.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LiqTech International

Institutional investors have recently added to or reduced their stakes in the company. Cable Car Capital LP purchased a new stake in LiqTech International during the second quarter valued at $849,000. Clear Harbor Asset Management LLC purchased a new position in shares of LiqTech International in the 2nd quarter worth $52,000. Finally, StoneX Group Inc. bought a new stake in shares of LiqTech International in the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 35.06% of the company’s stock.

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.