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

by · The Cerbat Gem

LiqTech International, Inc. (NASDAQ:LIQT – Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 58,330 shares, an increase of 39.5% from the November 30th total of 41,815 shares. Based on an average daily trading volume, of 10,411 shares, the short-interest ratio is currently 5.6 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 10,411 shares, the short-interest ratio is currently 5.6 days.

Analysts Set New Price Targets

A number of research firms have recently commented on LIQT. Ascendiant Capital Markets increased their price objective on LiqTech International from $4.00 to $4.20 and gave the company a “buy” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of LiqTech International in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, LiqTech International currently has a consensus rating of “Hold” and a consensus price target of $4.20.

Get Our Latest Stock Analysis on LiqTech International

LiqTech International Stock Performance

NASDAQ:LIQT traded up $0.01 during mid-day trading on Wednesday, reaching $1.46. 2,342 shares of the stock were exchanged, compared to its average volume of 20,416. The stock has a market capitalization of $14.06 million, a P/E ratio of -1.45 and a beta of 1.12. LiqTech International has a 1 year low of $1.34 and a 1 year high of $3.35. The company has a 50 day simple moving average of $1.99 and a 200-day simple moving average of $2.09. The company has a quick ratio of 2.30, a current ratio of 3.50 and a debt-to-equity ratio of 0.64.

LiqTech International (NASDAQ:LIQT – Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.02. The business had revenue of $3.81 million during the quarter, compared to the consensus estimate of $4.00 million. LiqTech International had a negative return on equity of 61.21% and a negative net margin of 53.25%. Analysts anticipate that LiqTech International will post -1.64 earnings per share for the current fiscal year.

LiqTech International Company Profile

(Get Free Report)

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.

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