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

LiqTech International, Inc. (NASDAQ:LIQT) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 143,163 shares, a drop of 49.3% from the May 31st total of 282,299 shares. Based on an average daily trading volume, of 1,051,309 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.7% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Ascendiant Capital Markets raised their target price on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. Weiss Ratings downgraded shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.40.

Insider Buying and Selling at LiqTech International

In related news, major shareholder Lp Bleichroeder bought 700,000 shares of LiqTech International stock in a transaction dated 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On LiqTech International

An institutional investor recently bought a new stake in LiqTech International stock. StoneX Group Inc. acquired a new position in LiqTech International, Inc. (NASDAQ:LIQT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned approximately 0.30% of LiqTech International as of its most recent SEC filing. 35.06% of the stock is owned by hedge funds and other institutional investors.

LiqTech International Trading Down 6.9%

NASDAQ:LIQT traded down $0.06 on Wednesday, reaching $0.79. The company’s stock had a trading volume of 402,051 shares, compared to its average volume of 352,076. LiqTech International has a 1-year low of $0.73 and a 1-year high of $3.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.35 and a current ratio of 2.50. The firm has a market cap of $7.86 million, a PE ratio of -0.86 and a beta of 1.04. The business’s 50-day moving average price is $1.49 and its two-hundred day moving average price is $1.62.

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

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.