LiqTech International, Inc. (NASDAQ:LIQT) Sees Large Drop in Short Interest

LiqTech International, Inc. (NASDAQ:LIQT) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 48,327 shares, a decline of 24.5% from the February 26th total of 64,042 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 10,698 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Investors Weigh In On LiqTech International

An institutional investor recently bought a new position in LiqTech International stock. StoneX Group Inc. purchased a new stake in LiqTech International, Inc. (NASDAQ:LIQT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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. Institutional investors and hedge funds own 35.06% of the company’s stock.

Analyst Ratings Changes

LIQT has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of LiqTech International in a research report on Thursday, January 22nd. Ascendiant Capital Markets boosted their price objective on LiqTech International from $4.20 to $4.30 and gave the company a “buy” rating in a report on Tuesday, March 10th. One equities research 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 company presently has an average rating of “Hold” and an average target price of $4.30.

LiqTech International Price Performance

LiqTech International stock opened at $1.87 on Friday. The company has a quick ratio of 2.01, a current ratio of 3.38 and a debt-to-equity ratio of 0.79. LiqTech International has a 52-week low of $1.22 and a 52-week high of $3.35. The firm has a market cap of $18.61 million, a PE ratio of -2.10 and a beta of 1.05. The company’s 50 day moving average is $1.65 and its two-hundred day moving average is $1.98.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings results on Friday, February 27th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.10). LiqTech International had a negative return on equity of 65.41% and a negative net margin of 51.65%.The business had revenue of $3.13 million during the quarter, compared to analyst estimates of $5.20 million. On average, research analysts expect that LiqTech International will post -1.64 EPS 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.