LiqTech International, Inc. (NASDAQ:LIQT) Sees Significant Increase in Short Interest

LiqTech International, Inc. (NASDAQ:LIQT) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 187,199 shares, a growth of 62.2% from the August 15th total of 115,399 shares. Based on an average daily volume of 70,892 shares, the short-interest ratio is currently 2.6 days. Approximately 0.7% of the company’s shares are short sold.

LiqTech International Trading Down 3.5%

NASDAQ LIQT opened at $0.69 on Friday. The stock has a market cap of $22.74 million, a P/E ratio of -0.82 and a beta of 1.06. LiqTech International has a fifty-two week low of $0.52 and a fifty-two week high of $3.35. The stock has a 50 day simple moving average of $0.64 and a two-hundred day simple moving average of $1.21. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37.

LiqTech International (NASDAQ:LIQT) last announced its earnings results on Thursday, August 13th. The company reported ($0.14) EPS for the quarter, beating 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 company had revenue of $4.36 million during the quarter, compared to the consensus estimate of $6.00 million. On average, analysts forecast that LiqTech International will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LIQT shares. Zacks Research upgraded shares of LiqTech International from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Ascendiant Capital Markets cut their price target on shares of LiqTech International to $1.30 and set a “buy” rating on the stock in a report on Friday, September 4th. Finally, Weiss Ratings cut shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1.30.

Institutional Investors Weigh In On LiqTech International

Institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of LiqTech International in the 2nd quarter worth approximately $424,000. Alyeska Investment Group L.P. purchased a new position in LiqTech International during the second quarter valued at $1,698,000. Cable Car Capital LP purchased a new position in LiqTech International during the second quarter valued at $849,000. Finally, Clear Harbor Asset Management LLC bought a new stake in LiqTech International in the second quarter worth $52,000. 35.06% of the stock is owned by hedge funds and other institutional investors.

About LiqTech International

LiqTech International, Inc is a clean-technology company that develops and manufactures advanced filtration products based primarily on silicon carbide ceramic membranes. Its technologies are designed to provide high-performance separation and purification for demanding liquid and gas treatment applications.

The company’s products and systems serve industrial and municipal wastewater treatment, water reuse, aquaculture, oily-water separation, and other specialized water-filtration markets.