LiqTech International Inc (NYSEAMERICAN:LIQT) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 3,778,352 shares, a decline of 1.9% from the January 15th total of 3,850,252 shares. Based on an average trading volume of 921,628 shares, the days-to-cover ratio is currently 4.1 days. Approximately 5.8% of the company’s stock are sold short.
A number of hedge funds and other institutional investors have recently made changes to their positions in LIQT. Calamos Wealth Management LLC acquired a new position in LiqTech International during the fourth quarter worth approximately $69,000. FNY Investment Advisers LLC acquired a new position in LiqTech International during the third quarter worth approximately $760,000. Vanguard Group Inc. increased its position in LiqTech International by 17.9% during the third quarter. Vanguard Group Inc. now owns 466,962 shares of the industrial goods maker’s stock worth $775,000 after buying an additional 70,813 shares during the last quarter. Vanguard Group Inc increased its position in LiqTech International by 17.9% during the third quarter. Vanguard Group Inc now owns 466,962 shares of the industrial goods maker’s stock worth $775,000 after buying an additional 70,813 shares during the last quarter. Finally, Ingalls & Snyder LLC acquired a new position in LiqTech International during the third quarter worth approximately $1,457,000.
NYSEAMERICAN:LIQT opened at $1.84 on Tuesday. LiqTech International has a 52-week low of $0.30 and a 52-week high of $2.17.
LiqTech International (NYSEAMERICAN:LIQT) last announced its quarterly earnings results on Wednesday, November 14th. The industrial goods maker reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $3.35 million for the quarter.
Separately, Lake Street Capital began coverage on LiqTech International in a research report on Tuesday, December 4th. They issued a “buy” rating and a $3.00 target price on the stock.
LiqTech International Company Profile
LiqTech International, Inc, a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company manufactures and sells ceramic silicon carbide membranes and systems for liquid filtration under the LiqTech, Cometas, and Provital brand names, which are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, and pool and spa water, as well as marine scrubber bleed water.
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