LiqTech International, Inc. (NASDAQ:LIQT) Sees Significant Increase in Short Interest
by Jessica Moore · The Cerbat GemLiqTech International, Inc. (NASDAQ:LIQT – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 187,199 shares, a growth of 62.2% from the August 15th total of 115,399 shares. Based on an average daily volume of 70,892 shares, the short-interest ratio is currently 2.6 days. Approximately 0.7% of the company’s shares are short sold.
LiqTech International Trading Down 3.5%
NASDAQ LIQT opened at $0.69 on Friday. The stock has a market cap of $22.74 million, a P/E ratio of -0.82 and a beta of 1.06. LiqTech International has a fifty-two week low of $0.52 and a fifty-two week high of $3.35. The stock has a 50 day simple moving average of $0.64 and a two-hundred day simple moving average of $1.21. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37.
LiqTech International (NASDAQ:LIQT – Get Free Report) last announced its earnings results 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 company had revenue of $4.36 million during the quarter, compared to the consensus estimate of $6.00 million. On average, analysts forecast that LiqTech International will post -0.3 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on LIQT shares. Zacks Research upgraded shares of LiqTech International from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Ascendiant Capital Markets cut their price target on shares of LiqTech International to $1.30 and set a “buy” rating on the stock in a report on Friday, September 4th. Finally, Weiss Ratings cut shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1.30.
View Our Latest Report on LiqTech International
Institutional Investors Weigh In On LiqTech International
Institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of LiqTech International in the 2nd quarter worth approximately $424,000. Alyeska Investment Group L.P. purchased a new position in LiqTech International during the second quarter valued at $1,698,000. Cable Car Capital LP purchased a new position in LiqTech International during the second quarter valued at $849,000. Finally, Clear Harbor Asset Management LLC bought a new stake in LiqTech International in the second quarter worth $52,000. 35.06% of the stock is owned by hedge funds and other institutional investors.
About LiqTech International
LiqTech International, Inc is a clean-technology company that develops and manufactures advanced filtration products based primarily on silicon carbide ceramic membranes. Its technologies are designed to provide high-performance separation and purification for demanding liquid and gas treatment applications.
The company’s products and systems serve industrial and municipal wastewater treatment, water reuse, aquaculture, oily-water separation, and other specialized water-filtration markets.