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

LiqTech International, Inc. (NASDAQ:LIQT) saw a significant increase in short interest in 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. Based on an average trading volume of 365,884 shares, the days-to-cover ratio is currently 0.6 days. Currently, 2.6% of the shares of the company are short sold.

Analysts Set New Price Targets

LIQT has been the topic of a number of research reports. Zacks Research downgraded shares of LiqTech International from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Weiss Ratings raised shares of LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. Finally, Ascendiant Capital Markets increased their price target on shares of LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $4.40.

LiqTech International Stock Performance

Shares of LIQT stock traded up $0.00 during trading hours on Friday, reaching $0.65. 53,892 shares of the company traded hands, compared to its average volume of 271,639. LiqTech International has a 12-month low of $0.62 and a 12-month high of $3.35. 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 company has a market cap of $6.49 million, a P/E ratio of -0.71 and a beta of 1.03. The firm has a 50-day moving average price of $0.99 and a 200 day moving average price of $1.52.

LiqTech International (NASDAQ:LIQT) last released its 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 during the quarter, compared to analysts’ expectations of $4.50 million. As a group, sell-side analysts predict 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 bought 700,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were acquired at an average cost of $1.00 per share, with a total value of $700,000.00. Following the completion of the transaction, the insider owned 3,882,239 shares of the company’s stock, valued at approximately $3,882,239. This trade represents a 22.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in LiqTech International stock. StoneX Group Inc. purchased a new position in LiqTech International, Inc. (NASDAQ:LIQT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned approximately 0.30% of LiqTech International as of its most recent filing with the Securities and Exchange Commission. 35.06% of the stock is currently owned by institutional investors.

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.