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

LiqTech International, Inc. (NASDAQ:LIQT) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 187,199 shares, a growth of 62.2% from the August 15th total of 115,399 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 70,892 shares, the days-to-cover ratio is currently 2.6 days.

LiqTech International Stock Down 3.5%

NASDAQ LIQT traded down $0.03 on Thursday, reaching $0.69. 47,154 shares of the stock traded hands, compared to its average volume of 151,207. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37. The company has a fifty day moving average price of $0.64 and a 200-day moving average price of $1.22. The company has a market cap of $22.74 million, a price-to-earnings ratio of -0.82 and a beta of 1.06. LiqTech International has a 12 month low of $0.52 and a 12 month high of $3.35.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $4.36 million for the quarter, compared to the consensus estimate of $6.00 million. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%. As a group, research analysts forecast that LiqTech International will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. purchased a new position in shares of LiqTech International in the 2nd quarter valued at $1,698,000. Cable Car Capital LP bought a new position in shares of LiqTech International in the 2nd quarter worth $849,000. Sequoia Financial Advisors LLC purchased a new stake in shares of LiqTech International during the 2nd quarter worth $424,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of LiqTech International during the 2nd quarter worth $52,000. 35.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LIQT has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 24th. Zacks Research raised shares of LiqTech International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Ascendiant Capital Markets dropped their target price on shares of LiqTech International to $1.30 and set a “buy” rating on the stock in a research note on Friday, September 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $1.30.

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.