Liquidmetal Technologies Inc. (OTCMKTS:LQMT – Get Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 336,163 shares, a drop of 40.2% from the June 15th total of 562,170 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,702,276 shares, the days-to-cover ratio is currently 0.2 days.
Liquidmetal Technologies Price Performance
LQMT traded up $0.00 during trading on Thursday, reaching $0.20. 341,143 shares of the company’s stock were exchanged, compared to its average volume of 756,651. The company’s fifty day moving average price is $0.17 and its 200-day moving average price is $0.13. Liquidmetal Technologies has a fifty-two week low of $0.08 and a fifty-two week high of $0.22.
Hedge Funds Weigh In On Liquidmetal Technologies
A hedge fund recently bought a new position in Liquidmetal Technologies stock. Byrne Asset Management LLC bought a new position in shares of Liquidmetal Technologies Inc. (OTCMKTS:LQMT – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 400,000 shares of the industrial products company’s stock, valued at approximately $80,000. Hedge funds and other institutional investors own 0.06% of the company’s stock.
About Liquidmetal Technologies
Liquidmetal Technologies, Inc is a development-stage materials engineering company specializing in the design, development and licensing of proprietary bulk amorphous metal alloys known under the trademark “Liquidmetal.” These amorphous alloys exhibit a unique combination of high strength, elasticity and corrosion resistance, which the company says can outperform traditional crystalline metals in a variety of applications.
The company’s core business model centers on patented intellectual property, process technology and alloy formulations for injection molding of amorphous metals.
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