LiqTech International, Inc. (NASDAQ:LIQT) Stock Short Interest Report for October

LiqTech International, Inc. (NASDAQ:LIQT) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 251,334 shares, an increase of 181.7% from the September 30th total of 89,214 shares. Based on an average trading volume of 145,944 shares, the short-interest ratio is currently 1.7 days. Approximately 0.9% of the company’s stock are sold short.

LiqTech International Stock Down 6.8%

LIQT stock traded down $0.02 during midday trading on Friday, reaching $0.30. The company had a trading volume of 35,211 shares, compared to its average volume of 190,616. LiqTech International has a 1 year low of $0.29 and a 1 year high of $2.56. The company has a 50 day moving average of $0.53 and a two-hundred day moving average of $1.18. The company has a market capitalization of $9.92 million, a P/E ratio of -0.36 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.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.05. The firm had revenue of $4.36 million for the quarter, compared to analysts’ expectations of $6.00 million. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%. On average, equities research analysts expect that LiqTech International will post -0.30 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiqTech International

A number of large investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. purchased a new position in shares of LiqTech International during the second quarter worth approximately $1,698,000. Cable Car Capital LP bought a new position in LiqTech International during the 2nd quarter valued at about $849,000. Sequoia Financial Advisors LLC purchased a new stake in shares of LiqTech International during the 2nd quarter valued at about $424,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of LiqTech International in the second quarter worth about $52,000. 35.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LIQT shares. Ascendiant Capital Markets lowered their price objective on LiqTech International to $1.30 and set a “buy” rating on the stock in a research report on Friday, September 4th. Weiss Ratings restated a “sell (e+)” rating on shares of LiqTech International in a research note on Thursday, October 22nd. Finally, Zacks Research raised shares of LiqTech International from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, LiqTech International presently has an average rating of “Hold” and an average target price of $1.30.

LiqTech International Company Profile

LiqTech International, Inc (NASDAQ: LIQT) is a clean-technology company that develops and manufactures filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-efficiency filtration for demanding industrial and environmental applications.

The company’s water-filtration business supplies SiC membrane products and filtration systems for applications including industrial wastewater treatment, water reuse, produced-water treatment and other challenging liquid-filtration processes.