LiqTech International, Inc. (NASDAQ:LIQT) Sees Large Decline in Short Interest

LiqTech International, Inc. (NASDAQ:LIQT) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 143,163 shares, a decline of 49.3% from the May 31st total of 282,299 shares. Based on an average daily volume of 1,051,309 shares, the short-interest ratio is currently 0.1 days. Approximately 1.7% of the company’s shares are short sold.

LiqTech International Stock Performance

Shares of LIQT stock opened at $0.82 on Tuesday. 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 cap of $8.16 million, a PE ratio of -0.89 and a beta of 1.01. The stock has a 50-day moving average of $1.54 and a 200-day moving average of $1.64. LiqTech International has a one year low of $0.73 and a one year high of $3.35.

LiqTech International (NASDAQ:LIQT) last released 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). The firm had revenue of $4.14 million for the quarter, compared to the consensus estimate of $4.50 million. LiqTech International had a negative return on equity of 79.64% and a negative net margin of 55.45%. As a group, sell-side analysts expect that LiqTech International will post -0.79 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Lp Bleichroeder acquired 700,000 shares of LiqTech International stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $1.00 per share, with a total value of $700,000.00. Following the acquisition, the insider 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 Securities & Exchange Commission, which is available at this link. 12.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On LiqTech International

An institutional investor recently bought a new position in LiqTech International stock. StoneX Group Inc. acquired a new position in shares of LiqTech International, Inc. (NASDAQ:LIQT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned 0.30% of LiqTech International at the end of the most recent quarter. 35.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LIQT has been the subject of a number of recent research reports. Weiss Ratings upgraded LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. Ascendiant Capital Markets boosted their price objective on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, LiqTech International has a consensus rating of “Hold” and a consensus 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.