Short Interest in LiqTech International, Inc. (NASDAQ:LIQT) Declines By 41.2%

LiqTech International, Inc. (NASDAQ:LIQT) saw a large drop in short interest in 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 daily volume of 138,985 shares, the short-interest ratio is currently 1.0 days. Currently, 1.6% of the shares of the stock are sold short.

LiqTech International Stock Up 8.9%

LiqTech International stock traded up $0.05 during mid-day trading on Wednesday, hitting $0.57. The company’s stock had a trading volume of 125,240 shares, compared to its average volume of 158,686. The firm’s 50 day moving average is $0.74 and its 200 day moving average is $1.38. The company has a market cap of $5.66 million, a PE ratio of -0.68 and a beta of 1.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.37 and a quick ratio of 3.43. LiqTech International has a 52-week low of $0.52 and a 52-week high of $3.35.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.36 million during the quarter, compared to analyst estimates of $6.00 million. On average, analysts anticipate that LiqTech International will post -0.79 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on LIQT shares. Weiss Ratings cut LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Ascendiant Capital Markets boosted their target price on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Zacks Research raised LiqTech International from a “strong sell” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.40.

Insider Activity

In other LiqTech International news, major shareholder Lp Bleichroeder bought 700,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $1.00 per share, for a total transaction of $700,000.00. Following the acquisition, the insider directly owned 3,882,239 shares of the company’s stock, valued at $3,882,239. This trade represents a 22.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 12.80% of the stock is owned by corporate insiders.

Institutional Trading of LiqTech International

Several institutional investors have recently made changes to their positions in LIQT. Cable Car Capital LP acquired a new position in LiqTech International in the 2nd quarter valued at approximately $849,000. Clear Harbor Asset Management LLC acquired a new stake in shares of LiqTech International during the 2nd quarter valued at $52,000. Finally, StoneX Group Inc. acquired a new stake in shares of LiqTech International during the 4th quarter valued at $42,000. 35.06% of the stock is currently owned by institutional investors and hedge funds.

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.