LiqTech International, Inc. (NASDAQ:LIQT) Stock Short Interest Declines 38.9%

LiqTech International, Inc. (NASDAQ:LIQT) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 89,214 shares, a decline of 38.9% from the September 15th total of 146,016 shares. Based on an average daily trading volume, of 911,132 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On LiqTech International

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

Analyst Ratings Changes

Several analysts have commented on LIQT shares. Ascendiant Capital Markets lowered their price objective on shares of LiqTech International to $1.30 and set a “buy” rating for the company in a report on Friday, September 4th. Zacks Research upgraded LiqTech International from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Finally, Weiss Ratings lowered LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $1.30.

LiqTech International Stock Up 1.7%

LiqTech International stock traded up $0.01 on Friday, hitting $0.38. 120,347 shares of the stock traded hands, compared to its average volume of 194,545. LiqTech International has a 1 year low of $0.35 and a 1 year high of $2.65. The firm has a market cap of $12.46 million, a P/E ratio of -0.45 and a beta of 1.14. The company has a current ratio of 4.37, a quick ratio of 3.43 and a debt-to-equity ratio of 0.09. The business’s fifty day simple moving average is $0.58 and its 200 day simple moving average is $1.07.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings results on Thursday, August 13th. 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 during the quarter, compared to analysts’ expectations of $6.00 million. As a group, sell-side analysts forecast that LiqTech International will post -0.30 earnings per share for the current year.

LiqTech International Company Profile

LiqTech International, Inc is a clean-technology company that develops, manufactures and sells advanced filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-performance filtration in applications where conventional materials may be less durable or effective.

The company’s primary products include SiC membrane systems for treating industrial and municipal wastewater, seawater, aquaculture water and other challenging water streams.