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

LiqTech International, Inc. (NASDAQ:LIQT) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 282,299 shares, an increase of 356.5% from the May 14th total of 61,844 shares. Based on an average trading volume of 63,211 shares, the days-to-cover ratio is currently 4.5 days. Currently, 3.3% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, major shareholder Lp Bleichroeder bought 700,000 shares of the stock in a transaction on 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 acquisition, the insider owned 3,882,239 shares in the company, valued at $3,882,239. The trade was a 22.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On LiqTech International

An institutional investor recently bought a new position in LiqTech International stock. StoneX Group Inc. purchased a new stake in shares of LiqTech International, Inc. (NASDAQ:LIQT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 35.06% of the company’s stock.

LiqTech International Stock Performance

NASDAQ:LIQT opened at $0.87 on Friday. The stock has a market capitalization of $8.66 million, a P/E ratio of -0.95 and a beta of 1.01. The stock has a 50-day moving average price of $1.74 and a 200 day moving average price of $1.73. 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 has a 12-month low of $0.74 and a 12-month high of $3.35.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LIQT shares. Weiss Ratings downgraded LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Ascendiant Capital Markets raised their price objective on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, LiqTech International currently has a consensus rating of “Hold” and a consensus 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.