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

LiqTech International, Inc. (NASDAQ:LIQT) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 229,397 shares, a growth of 304.0% from the June 30th total of 56,785 shares. Based on an average trading volume of 365,884 shares, the short-interest ratio is currently 0.6 days. Currently, 2.6% of the shares of the stock are short sold.

LiqTech International Price Performance

Shares of LiqTech International stock traded up $0.00 during trading on Friday, reaching $0.65. 53,892 shares of the stock traded hands, compared to its average volume of 271,639. LiqTech International has a 52-week low of $0.62 and a 52-week high of $3.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 1.35. The business has a fifty day simple moving average of $0.99 and a two-hundred day simple moving average of $1.52. The company has a market capitalization of $6.49 million, a price-to-earnings ratio of -0.71 and a beta of 1.03.

LiqTech International (NASDAQ:LIQT) last posted its earnings results on Wednesday, May 13th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The firm had revenue of $4.14 million during 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%. Sell-side analysts expect that LiqTech International will post -0.79 EPS for the current year.

Insider Buying and Selling at LiqTech International

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

Institutional Trading of LiqTech International

A hedge fund recently bought a new position in LiqTech International stock. StoneX Group Inc. bought a new stake in shares of LiqTech International, Inc. (NASDAQ:LIQT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned about 0.30% of LiqTech International as of its most recent filing with the Securities and Exchange Commission. 35.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LIQT. Ascendiant Capital Markets boosted their price target on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. Weiss Ratings upgraded shares of LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. Finally, Zacks Research cut shares of LiqTech International from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, LiqTech International currently has an average rating of “Reduce” and an average target price 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.