Short Interest in LiqTech International, Inc. (NASDAQ:LIQT) Declines By 49.3%

LiqTech International, Inc. (NASDAQ:LIQT) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 143,163 shares, a decline of 49.3% from the May 31st total of 282,299 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average trading volume of 1,051,309 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several research firms have issued reports on LIQT. Weiss Ratings cut LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Ascendiant Capital Markets upped their price objective on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.40.

Insider Buying and Selling

In other LiqTech International news, major shareholder Lp Bleichroeder bought 700,000 shares of LiqTech International stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of $1.00 per share, with a total value of $700,000.00. Following the completion of the acquisition, the insider owned 3,882,239 shares of the company’s stock, valued at approximately $3,882,239. This represents a 22.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On LiqTech International

An institutional investor recently bought a new position in LiqTech International stock. StoneX Group Inc. acquired a new stake in LiqTech International, Inc. (NASDAQ:LIQT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned about 0.30% of LiqTech International as of its most recent SEC filing. 35.06% of the stock is owned by hedge funds and other institutional investors.

LiqTech International Trading Down 3.3%

Shares of NASDAQ:LIQT traded down $0.03 during midday trading on Thursday, reaching $0.76. The company’s stock had a trading volume of 148,246 shares, compared to its average volume of 146,575. LiqTech International has a 1 year low of $0.73 and a 1 year high of $3.35. The business has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.62. The firm has a market cap of $7.60 million, a price-to-earnings ratio of -0.83 and a beta of 1.04. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 1.06.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.07). The firm had revenue of $4.14 million during the quarter, compared to analyst estimates of $4.50 million. LiqTech International had a negative net margin of 55.45% and a negative return on equity of 79.64%. Research analysts forecast that LiqTech International will post -0.79 EPS for the current 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.