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

LiqTech International, Inc. (NASDAQ:LIQT) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 143,163 shares, a decrease of 49.3% from the May 31st total of 282,299 shares. Based on an average trading volume of 1,051,309 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.7% of the company’s shares are short sold.

LiqTech International Stock Performance

Shares of LIQT opened at $0.82 on Tuesday. LiqTech International has a 12 month low of $0.73 and a 12 month high of $3.35. The firm has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $1.64. The stock has a market capitalization of $8.16 million, a price-to-earnings ratio of -0.89 and a beta of 1.01. The company has a current ratio of 2.50, a quick ratio of 1.35 and a debt-to-equity ratio of 1.06.

LiqTech International (NASDAQ:LIQT) last released its earnings results on Wednesday, May 13th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). LiqTech International had a negative net margin of 55.45% and a negative return on equity of 79.64%. The business had revenue of $4.14 million during the quarter, compared to the consensus estimate of $4.50 million. Research analysts forecast that LiqTech International will post -0.79 EPS for the current fiscal year.

Insider Activity

In other LiqTech International news, major shareholder Lp Bleichroeder purchased 700,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $1.00 per share, with a total value of $700,000.00. Following the completion of the transaction, the insider directly owned 3,882,239 shares in the company, valued at $3,882,239. This trade represents a 22.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.80% of the stock is owned by company insiders.

Institutional Trading of LiqTech International

An institutional investor recently bought a new stake in LiqTech International stock. StoneX Group Inc. purchased a new stake in LiqTech International, Inc. (NASDAQ:LIQT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing. Institutional investors and hedge funds own 35.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. Ascendiant Capital Markets lifted their price target on shares of LiqTech International from $4.30 to $4.40 and gave the company a “buy” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, LiqTech International has a consensus rating of “Hold” and an average price target of $4.40.

LiqTech International Company Profile

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.