LiqTech International, Inc. (NASDAQ:LIQT) Stock Short Interest Declines 38.9%

LiqTech International, Inc. (NASDAQ:LIQT) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 89,214 shares, a decrease of 38.9% from the September 15th total of 146,016 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 911,132 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

LIQT has been the subject of several analyst reports. Ascendiant Capital Markets reduced their price target on shares of LiqTech International to $1.30 and set a “buy” rating for the company in a research report on Friday, September 4th. Weiss Ratings cut LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. Finally, Zacks Research raised LiqTech International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, LiqTech International currently has a consensus rating of “Hold” and an average price target of $1.30.

LiqTech International Stock Performance

Shares of LIQT stock traded up $0.01 during trading hours on Friday, reaching $0.38. The company had a trading volume of 120,347 shares, compared to its average volume of 194,545. 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 business has a fifty day moving average price of $0.58 and a 200-day moving average price of $1.07. LiqTech International has a one year low of $0.35 and a one year high of $2.65. The firm has a market cap of $12.46 million, a PE ratio of -0.45 and a beta of 1.14.

LiqTech International (NASDAQ:LIQT) last issued its earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.05. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%. The company had revenue of $4.36 million for the quarter, compared to analysts’ expectations of $6.00 million. Sell-side analysts predict that LiqTech International will post -0.30 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiqTech International

A number of institutional investors and hedge funds have recently modified their holdings of LIQT. Clear Harbor Asset Management LLC purchased a new position in shares of LiqTech International in the 2nd quarter worth $52,000. Sequoia Financial Advisors LLC purchased a new stake in LiqTech International during the second quarter valued at $424,000. Cable Car Capital LP purchased a new stake in LiqTech International during the second quarter valued at $849,000. Finally, Alyeska Investment Group L.P. purchased a new stake in LiqTech International during the second quarter valued at $1,698,000. 35.06% of the stock is currently owned by hedge funds and other institutional investors.

About LiqTech International

LiqTech International, Inc is a clean-technology company that develops, manufactures and sells advanced filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-performance filtration in applications where conventional materials may be less durable or effective.

The company’s primary products include SiC membrane systems for treating industrial and municipal wastewater, seawater, aquaculture water and other challenging water streams.