LiqTech International, Inc. (NASDAQ:LIQT) Sees Significant Growth in Short Interest

LiqTech International, Inc. (NASDAQ:LIQT) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 83,021 shares, a growth of 71.8% from the March 15th total of 48,327 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 150,294 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On LiqTech International

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

LiqTech International Stock Performance

Shares of NASDAQ:LIQT remained flat at $1.73 on Monday. 18,800 shares of the company’s stock were exchanged, compared to its average volume of 99,523. LiqTech International has a 1-year low of $1.22 and a 1-year high of $3.35. The company has a market cap of $17.21 million, a P/E ratio of -1.94 and a beta of 1.10. The business has a 50-day moving average price of $1.66 and a 200-day moving average price of $1.93. The company has a current ratio of 3.38, a quick ratio of 2.01 and a debt-to-equity ratio of 0.79.

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

Wall Street Analyst Weigh In

LIQT has been the subject of several research analyst reports. Ascendiant Capital Markets raised their target price on shares of LiqTech International from $4.20 to $4.30 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiqTech International in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.30.

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.