LiqTech International, Inc. (NASDAQ:LIQT – Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 251,334 shares, a growth of 181.7% from the September 30th total of 89,214 shares. Based on an average daily volume of 145,944 shares, the short-interest ratio is presently 1.7 days. Currently, 0.9% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Ascendiant Capital Markets cut their price target on shares of LiqTech International to $1.30 and set a “buy” rating for the company in a report on Friday, September 4th. Zacks Research raised shares of LiqTech International from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of LiqTech International in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $1.30.
Check Out Our Latest Analysis on LIQT
LiqTech International Price Performance
Shares of LIQT stock traded up $0.01 during trading hours on Thursday, reaching $0.32. 52,548 shares of the company were exchanged, compared to its average volume of 191,369. LiqTech International has a fifty-two week low of $0.29 and a fifty-two week high of $2.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.37 and a quick ratio of 3.43. The stock’s fifty day moving average is $0.53 and its two-hundred day moving average is $1.19. The company has a market cap of $10.64 million, a price-to-earnings ratio of -0.38 and a beta of 1.14.
LiqTech International (NASDAQ:LIQT – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.36 million for the quarter, compared to analyst estimates of $6.00 million. Sell-side analysts forecast that LiqTech International will post -0.30 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. bought a new stake in shares of LiqTech International during the second quarter worth approximately $1,698,000. Cable Car Capital LP acquired a new stake in LiqTech International during the 2nd quarter worth $849,000. Sequoia Financial Advisors LLC acquired a new position in shares of LiqTech International in the 2nd quarter valued at $424,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of LiqTech International in the 2nd quarter worth $52,000. 35.06% of the stock is currently owned by institutional investors and hedge funds.
LiqTech International Company Profile
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.
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