LiqTech International, Inc. (NASDAQ:LIQT) Shares Shorted: Short Interest Down 38.9% in September

LiqTech International, Inc. (NASDAQ:LIQT) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 89,214 shares, a decline of 38.9% from the September 15th total of 146,016 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 911,132 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

LIQT has been the topic of a number of research reports. Zacks Research upgraded LiqTech International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Ascendiant Capital Markets cut their price objective on LiqTech International to $1.30 and set a “buy” rating for the company in a report on Friday, September 4th. Finally, Weiss Ratings cut 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, LiqTech International currently has an average rating of “Hold” and an average target price of $1.30.

LiqTech International Stock Performance

Shares of NASDAQ:LIQT traded up $0.01 during trading on Friday, hitting $0.38. The company’s stock had a trading volume of 123,877 shares, compared to its average volume of 584,293. The company has a 50-day moving average of $0.58 and a 200-day moving average of $1.06. LiqTech International has a 12 month low of $0.35 and a 12 month high of $2.65. 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 firm has a market cap of $12.48 million, a price-to-earnings ratio of -0.45 and a beta of 1.14.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.14) earnings per share (EPS) 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 company had revenue of $4.36 million for the quarter, compared to the consensus estimate of $6.00 million. On average, sell-side analysts expect that LiqTech International will post -0.30 earnings per share for the current year.

Institutional Inflows and Outflows

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

About LiqTech International

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.