LiqTech International, Inc. (NASDAQ:LIQT) Sees Large Decline in Short Interest

LiqTech International, Inc. (NASDAQ:LIQT) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 89,214 shares, a decrease of 38.9% from the September 15th total of 146,016 shares. Based on an average trading volume of 911,132 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are short sold.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LIQT shares. Ascendiant Capital Markets dropped their price objective on shares of LiqTech International to $1.30 and set a “buy” rating on the stock in a report on Friday, September 4th. Weiss Ratings downgraded shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Finally, Zacks Research upgraded LiqTech International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $1.30.

Institutional Trading of LiqTech International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. purchased a new stake in LiqTech International in the 2nd quarter valued at about $1,698,000. Cable Car Capital LP bought a new stake in shares of LiqTech International in the second quarter valued at about $849,000. Sequoia Financial Advisors LLC bought a new stake in shares of LiqTech International in the second quarter valued at about $424,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in LiqTech International in the second quarter worth about $52,000. Hedge funds and other institutional investors own 35.06% of the company’s stock.

LiqTech International Stock Up 1.8%

NASDAQ LIQT opened at $0.38 on Friday. The stock has a 50 day moving average price of $0.58 and a 200-day moving average price of $1.06. LiqTech International has a one year low of $0.35 and a one year high of $2.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37. The company has a market capitalization of $12.48 million, a P/E ratio of -0.45 and a beta of 1.14.

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

LiqTech International Company Profile

LiqTech International, Inc is a clean-technology company that develops, manufactures and sells advanced filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-performance filtration in applications where conventional materials may be less durable or effective.

The company’s primary products include SiC membrane systems for treating industrial and municipal wastewater, seawater, aquaculture water and other challenging water streams.