LiqTech International Inc (NYSE:LIQT) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 110,052 shares, a drop of 52.0% from the August 15th total of 229,304 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 227,829 shares, the days-to-cover ratio is presently 0.5 days.

Separately, Zacks Investment Research raised shares of LiqTech International from a “sell” rating to a “buy” rating and set a $0.50 price target for the company in a research report on Tuesday, May 30th.

An institutional investor recently raised its position in LiqTech International stock. WealthTrust Axiom LLC raised its holdings in shares of LiqTech International Inc (NYSE:LIQT) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 774,406 shares of the industrial goods maker’s stock after buying an additional 42,000 shares during the quarter. WealthTrust Axiom LLC owned about 1.79% of LiqTech International worth $247,000 as of its most recent SEC filing.

Shares of LiqTech International (LIQT) opened at 0.426 on Wednesday. LiqTech International has a 52-week low of $0.25 and a 52-week high of $0.90. The firm’s market cap is $18.84 million. The stock’s 50 day moving average is $0.37 and its 200-day moving average is $0.38.

LiqTech International (NYSE:LIQT) last issued its quarterly earnings results on Monday, August 14th. The industrial goods maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). LiqTech International had a negative return on equity of 80.04% and a negative net margin of 40.75%. The business had revenue of $2.93 million for the quarter, compared to analyst estimates of $3.10 million. Equities analysts anticipate that LiqTech International will post ($0.07) earnings per share for the current fiscal year.

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LiqTech International Company Profile

LiqTech International, Inc is a clean technology company that provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The Company develops and manufactures products of re-crystallized silicon carbide. It specializes in two business areas, which include ceramic membranes for liquid filtration, and diesel particulate filters (DPFs) for the control of soot exhaust particles from diesel engines.

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