H2O Innovation Inc. (OTCMKTS:HEOFF) Short Interest Up 500.0% in December

H2O Innovation Inc. (OTCMKTS:HEOFF) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 600 shares, an increase of 500.0% from the December 15th total of 100 shares. Based on an average trading volume of 43,900 shares, the short-interest ratio is currently 0.0 days.

Shares of HEOFF stock remained flat at $$2.15 during mid-day trading on Friday. 1,385 shares of the stock were exchanged, compared to its average volume of 20,158. H2O Innovation has a 12-month low of $1.62 and a 12-month high of $2.92. The firm’s 50 day moving average price is $1.96 and its 200 day moving average price is $1.94. The company has a quick ratio of 1.60, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. The stock has a market cap of $189.76 million, a price-to-earnings ratio of 35.75 and a beta of 0.65.

H2O Innovation (OTCMKTS:HEOFF) last issued its earnings results on Wednesday, November 10th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $30.49 million during the quarter. H2O Innovation had a net margin of 1.85% and a return on equity of 6.55%.

A number of brokerages recently weighed in on HEOFF. Raymond James boosted their price objective on shares of H2O Innovation from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a report on Monday, December 13th. lifted their target price on shares of H2O Innovation from C$3.00 to C$3.25 and gave the stock a “buy” rating in a research report on Thursday, November 11th. Finally, Desjardins cut their target price on shares of H2O Innovation from C$3.50 to C$3.25 and set a “buy” rating for the company in a research report on Thursday, September 30th.

H2O Innovation Company Profile

H2O Innovation, Inc engages in the design and provision of water treatment solutions based on membrane filtration technology. It operates through the following segments: Water Technologies and Services, Specialty Products and Operation and Maintenance Services. The Water Technologies and Services segment includes water and wastewater projects and services.

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