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

LiqTech International, Inc. (NASDAQ:LIQT) was the target of a significant growth in short interest in the month of 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 daily volume of 365,884 shares, the short-interest ratio is currently 0.6 days. Currently, 2.6% of the company’s shares are sold short.

LiqTech International Trading Up 4.3%

NASDAQ LIQT opened at $0.68 on Tuesday. The company has a market cap of $6.76 million, a price-to-earnings ratio of -0.74 and a beta of 1.03. LiqTech International has a 52 week low of $0.62 and a 52 week high of $3.35. The business has a 50 day moving average price of $0.97 and a 200-day moving average price of $1.51. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 1.06.

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

Insiders Place Their Bets

In other LiqTech International news, major shareholder Lp Bleichroeder bought 700,000 shares of the stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $1.00 per share, for a total transaction 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. This trade represents a 22.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LiqTech International stock. StoneX Group Inc. acquired 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 (SEC). The firm acquired 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned about 0.30% of LiqTech International at the end of the most recent reporting period. 35.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Ascendiant Capital Markets increased 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. Zacks Research downgraded shares of LiqTech International from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Finally, Weiss Ratings raised shares of LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus 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.