LiqTech International, Inc. (NASDAQ:LIQT) Short Interest Up 356.5% in May

LiqTech International, Inc. (NASDAQ:LIQT) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 282,299 shares, a growth of 356.5% from the May 14th total of 61,844 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 63,211 shares, the days-to-cover ratio is presently 4.5 days.

Insiders Place Their Bets

In related news, major shareholder Lp Bleichroeder bought 700,000 shares of LiqTech International stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $1.00 per share, with a total value of $700,000.00. Following the acquisition, the insider directly owned 3,882,239 shares of the company’s stock, valued at $3,882,239. This represents a 22.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.80% of the stock is owned by insiders.

Institutional Trading of LiqTech International

A hedge fund recently bought a new stake in LiqTech International stock. StoneX Group Inc. bought a new position in LiqTech International, Inc. (NASDAQ:LIQT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned approximately 0.30% of LiqTech International at the end of the most recent reporting period. Institutional investors own 35.06% of the company’s stock.

LiqTech International Price Performance

Shares of NASDAQ LIQT traded up $0.08 during midday trading on Thursday, hitting $0.91. 720,434 shares of the company’s stock were exchanged, compared to its average volume of 587,678. LiqTech International has a 12-month low of $0.74 and a 12-month high of $3.35. The company has a current ratio of 2.50, a quick ratio of 1.35 and a debt-to-equity ratio of 1.06. The company has a market cap of $9.06 million, a price-to-earnings ratio of -0.99 and a beta of 1.01. The business’s fifty day moving average price is $1.76 and its two-hundred day moving average price is $1.73.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.07). The business had revenue of $4.14 million for the quarter, compared to analysts’ expectations 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, research analysts forecast that LiqTech International will post -0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LIQT shares. Weiss Ratings lowered LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.