LiqTech International, Inc. (NASDAQ:LIQT) Sees Significant Growth in Short Interest

LiqTech International, Inc. (NASDAQ:LIQT) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 104,000 shares, a growth of 43.1% from the February 28th total of 72,700 shares. Based on an average daily volume of 10,800 shares, the short-interest ratio is presently 9.6 days. Currently, 1.5% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on LiqTech International in a report on Monday, January 13th. They issued a “sell” rating for the company.

Institutional Investors Weigh In On LiqTech International

A number of hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its holdings in LiqTech International by 40.1% in the third quarter. HighTower Advisors LLC now owns 38,599 shares of the company’s stock worth $99,000 after purchasing an additional 11,043 shares during the period. Geode Capital Management LLC lifted its stake in shares of LiqTech International by 73.9% in the 4th quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock worth $116,000 after acquiring an additional 27,120 shares during the period. WealthTrust Axiom LLC boosted its holdings in shares of LiqTech International by 15.1% in the fourth quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock valued at $383,000 after acquiring an additional 27,300 shares in the last quarter. Finally, Bleichroeder LP increased its stake in shares of LiqTech International by 451.4% during the fourth quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock valued at $5,865,000 after acquiring an additional 2,605,129 shares during the period. 35.06% of the stock is currently owned by institutional investors.

LiqTech International Stock Performance

Shares of NASDAQ:LIQT traded up $0.07 on Friday, reaching $1.60. 11,180 shares of the company’s stock were exchanged, compared to its average volume of 13,011. The business’s 50-day moving average is $1.61 and its two-hundred day moving average is $1.92. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. LiqTech International has a fifty-two week low of $1.34 and a fifty-two week high of $3.20. The firm has a market capitalization of $15.12 million, a price-to-earnings ratio of -0.88 and a beta of 0.98.

LiqTech International (NASDAQ:LIQT) last issued its earnings results on Friday, March 28th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.02). LiqTech International had a negative return on equity of 76.05% and a negative net margin of 69.76%. The business had revenue of $3.80 million during the quarter, compared to the consensus estimate of $3.80 million. As a group, equities research analysts forecast that LiqTech International will post -1.64 EPS for the current year.

About LiqTech International

LiqTech International, Inc, a clean technology company, designs, develops, produces, markets, and sells automated filtering systems, ceramic silicon carbide liquid applications, and diesel particulate air filters in the United States, Canada, Europe, Asia, and South America. The company operates through Water, Ceramics, and Plastics segments.