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

LiqTech International, Inc. (NASDAQ:LIQT) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 251,334 shares, an increase of 181.7% from the September 30th total of 89,214 shares. Based on an average daily trading volume, of 145,944 shares, the short-interest ratio is presently 1.7 days. Approximately 0.9% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Ascendiant Capital Markets reduced their target price on LiqTech International to $1.30 and set a “buy” rating for the company in a report on Friday, September 4th. Weiss Ratings restated a “sell (e+)” rating on shares of LiqTech International in a research report on Thursday, October 22nd. Finally, Zacks Research raised LiqTech International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1.30.

Hedge Funds Weigh In On LiqTech International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIQT. Sequoia Financial Advisors LLC purchased a new position in shares of LiqTech International during the 2nd quarter worth $424,000. Alyeska Investment Group L.P. purchased a new stake in shares of LiqTech International in the second quarter valued at about $1,698,000. Cable Car Capital LP purchased a new stake in shares of LiqTech International in the second quarter valued at about $849,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of LiqTech International in the second quarter valued at about $52,000. Institutional investors and hedge funds own 35.06% of the company’s stock.

LiqTech International Trading Down 6.8%

LIQT stock opened at $0.30 on Friday. The company has a current ratio of 4.37, a quick ratio of 3.43 and a debt-to-equity ratio of 0.09. LiqTech International has a 12 month low of $0.29 and a 12 month high of $2.56. The firm has a 50-day moving average of $0.52 and a two-hundred day moving average of $1.18.

LiqTech International (NASDAQ:LIQT) last issued its earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.05. The business had revenue of $4.36 million for the quarter, compared to analysts’ expectations of $6.00 million. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%. As a group, equities research analysts expect that LiqTech International will post -0.30 EPS for the current fiscal year.

About LiqTech International

LiqTech International, Inc (NASDAQ: LIQT) is a clean-technology company that develops and manufactures filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-efficiency filtration for demanding industrial and environmental applications.

The company’s water-filtration business supplies SiC membrane products and filtration systems for applications including industrial wastewater treatment, water reuse, produced-water treatment and other challenging liquid-filtration processes.