LiqTech International, Inc. (NASDAQ:LIQT) Sees Large Drop in Short Interest

LiqTech International, Inc. (NASDAQ:LIQT) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 48,327 shares, a decrease of 24.5% from the February 26th total of 64,042 shares. Based on an average trading volume of 10,698 shares, the short-interest ratio is currently 4.5 days. Currently, 0.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LIQT shares. Ascendiant Capital Markets lifted their price target on LiqTech International from $4.20 to $4.30 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Weiss Ratings restated a “sell (d-)” rating on shares of LiqTech International in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.30.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently bought a new stake in LiqTech International stock. StoneX Group Inc. purchased a new position 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 purchased 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned 0.30% of LiqTech International at the end of the most recent quarter. 35.06% of the stock is owned by hedge funds and other institutional investors.

LiqTech International Stock Performance

Shares of LIQT stock opened at $1.87 on Friday. LiqTech International has a 52-week low of $1.22 and a 52-week high of $3.35. The company has a quick ratio of 2.01, a current ratio of 3.38 and a debt-to-equity ratio of 0.79. The stock has a market cap of $18.61 million, a PE ratio of -2.10 and a beta of 1.05. The business has a 50-day simple moving average of $1.65 and a 200-day simple moving average of $1.98.

LiqTech International (NASDAQ:LIQT) last posted its earnings results on Friday, February 27th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.10). The company had revenue of $3.13 million for the quarter, compared to analyst estimates of $5.20 million. LiqTech International had a negative return on equity of 65.41% and a negative net margin of 51.65%. On average, equities analysts expect that LiqTech International will post -1.64 EPS for the current year.

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.