Short Interest in Liquidmetal Technologies Inc. (OTCMKTS:LQMT) Drops By 40.2%

Liquidmetal Technologies Inc. (OTCMKTS:LQMT) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 336,163 shares, a drop of 40.2% from the June 15th total of 562,170 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,702,276 shares, the days-to-cover ratio is presently 0.2 days.

Liquidmetal Technologies Stock Down 5.4%

OTCMKTS LQMT traded down $0.01 during trading on Friday, hitting $0.20. 183,122 shares of the company’s stock were exchanged, compared to its average volume of 754,703. Liquidmetal Technologies has a fifty-two week low of $0.08 and a fifty-two week high of $0.22. The stock’s 50 day moving average price is $0.17 and its two-hundred day moving average price is $0.14.

Institutional Investors Weigh In On Liquidmetal Technologies

A hedge fund recently bought a new stake in Liquidmetal Technologies stock. Byrne Asset Management LLC purchased a new stake in shares of Liquidmetal Technologies Inc. (OTCMKTS:LQMT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 400,000 shares of the industrial products company’s stock, valued at approximately $80,000. Hedge funds and other institutional investors own 0.06% of the company’s stock.

About Liquidmetal Technologies

Liquidmetal Technologies, Inc is a development-stage materials engineering company specializing in the design, development and licensing of proprietary bulk amorphous metal alloys known under the trademark “Liquidmetal.” These amorphous alloys exhibit a unique combination of high strength, elasticity and corrosion resistance, which the company says can outperform traditional crystalline metals in a variety of applications.

The company’s core business model centers on patented intellectual property, process technology and alloy formulations for injection molding of amorphous metals.