Short Interest in LiqTech International, Inc. (NASDAQ:LIQT) Expands By 62.2%

LiqTech International, Inc. (NASDAQ:LIQT) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 187,199 shares, an increase of 62.2% from the August 15th total of 115,399 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 70,892 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of LiqTech International from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Weiss Ratings cut shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. Finally, Ascendiant Capital Markets lowered their target price on shares of LiqTech International to $1.30 and set a “buy” rating for the company in a research note on Friday, September 4th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1.30.

LiqTech International Stock Down 3.5%

NASDAQ:LIQT traded down $0.03 during mid-day trading on Thursday, hitting $0.69. 47,154 shares of the company’s stock traded hands, compared to its average volume of 151,207. The company has a fifty day moving average of $0.64 and a 200 day moving average of $1.22. LiqTech International has a twelve month low of $0.52 and a twelve month high of $3.35. The company has a market capitalization of $22.74 million, a P/E ratio of -0.82 and a beta of 1.06. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share 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 business had revenue of $4.36 million during the quarter, compared to the consensus estimate of $6.00 million. On average, analysts forecast that LiqTech International will post -0.3 EPS for the current year.

Institutional Trading of LiqTech International

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

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.