LiqTech International, Inc. (NASDAQ:LIQT) Short Interest Down 41.2% in July

LiqTech International, Inc. (NASDAQ:LIQT) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 134,801 shares, a drop of 41.2% from the July 15th total of 229,397 shares. Based on an average trading volume of 138,985 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.6% of the shares of the stock are short sold.

LiqTech International Price Performance

LiqTech International stock traded down $0.04 during trading hours on Tuesday, hitting $0.52. The stock had a trading volume of 164,226 shares, compared to its average volume of 145,490. The company has a quick ratio of 3.43, a current ratio of 4.37 and a debt-to-equity ratio of 0.09. LiqTech International has a 1-year low of $0.52 and a 1-year high of $3.35. The stock’s fifty day moving average is $0.74 and its two-hundred day moving average is $1.38.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.14) earnings per share (EPS) 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. As a group, analysts anticipate that LiqTech International will post -0.79 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LIQT. Ascendiant Capital Markets raised their price objective on shares of LiqTech International from $4.30 to $4.40 and gave the company a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings lowered shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. Finally, Zacks Research cut shares of LiqTech International from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, LiqTech International currently has an average rating of “Reduce” and an average price target of $4.40.

Insider Activity at LiqTech International

In related news, major shareholder Lp Bleichroeder bought 700,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $1.00 per share, for a total transaction of $700,000.00. Following the transaction, the insider owned 3,882,239 shares of the company’s stock, valued at approximately $3,882,239. This trade represents a 22.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On LiqTech International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIQT. Cable Car Capital LP acquired a new stake in shares of LiqTech International in the second quarter valued at approximately $849,000. Clear Harbor Asset Management LLC purchased a new position in shares of LiqTech International during the 2nd quarter worth approximately $52,000. Finally, StoneX Group Inc. acquired a new position in shares of LiqTech International during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 35.06% of the company’s stock.

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.