LiqTech International, Inc. (NASDAQ:LIQT) Sees Significant Decrease in Short Interest

LiqTech International, Inc. (NASDAQ:LIQT) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 134,801 shares, a drop of 41.2% from the July 15th total of 229,397 shares. Based on an average trading volume of 138,985 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.6% of the company’s stock are short sold.

LiqTech International Price Performance

LIQT opened at $0.56 on Monday. The company’s 50-day simple moving average is $0.75 and its two-hundred day simple moving average is $1.39. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37. The stock has a market capitalization of $5.58 million, a P/E ratio of -0.67 and a beta of 1.05. LiqTech International has a 52-week low of $0.55 and a 52-week high of $3.35.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%.The company had revenue of $4.36 million during the quarter, compared to analyst estimates of $6.00 million. As a group, analysts predict that LiqTech International will post -0.79 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LIQT shares. Zacks Research lowered shares of LiqTech International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Weiss Ratings cut shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Finally, Ascendiant Capital Markets boosted their price objective on shares of 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 two have assigned a Sell rating to the stock. According to data from MarketBeat.com, LiqTech International currently has an average rating of “Reduce” and a consensus target price of $4.40.

Insider Activity

In related news, major shareholder Lp Bleichroeder purchased 700,000 shares of the 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.80% of the stock is currently owned by corporate insiders.

Institutional Trading of LiqTech International

Several large investors have recently added to or reduced their stakes in the business. StoneX Group Inc. purchased a new position in shares of LiqTech International during the 4th quarter worth $42,000. Clear Harbor Asset Management LLC bought a new stake in LiqTech International during the second quarter valued at about $52,000. Finally, Cable Car Capital LP purchased a new stake in LiqTech International in the second quarter worth about $849,000. 35.06% of the stock is currently owned by institutional investors.

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.