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

LiqTech International, Inc. (NASDAQ:LIQT) was the target of a large growth in short interest in 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 trading volume, of 10,800 shares, the days-to-cover ratio is presently 9.6 days. Currently, 1.5% of the company’s stock are short sold.

Institutional Trading of LiqTech International

Large investors have recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in LiqTech International by 40.1% in the 3rd quarter. HighTower Advisors LLC now owns 38,599 shares of the company’s stock valued at $99,000 after acquiring an additional 11,043 shares during the last quarter. Geode Capital Management LLC increased its stake in LiqTech International by 73.9% in the fourth quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock valued at $116,000 after purchasing an additional 27,120 shares during the last quarter. WealthTrust Axiom LLC lifted its stake in shares of LiqTech International by 15.1% in the 4th quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock valued at $383,000 after purchasing an additional 27,300 shares in the last quarter. Finally, Bleichroeder LP lifted its position in 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 buying an additional 2,605,129 shares in the last quarter. Institutional investors and hedge funds own 35.06% of the company’s stock.

LiqTech International Price Performance

LIQT stock 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 firm has a market cap of $15.12 million, a PE ratio of -0.88 and a beta of 0.98. LiqTech International has a twelve month low of $1.34 and a twelve month high of $3.20. The stock has a fifty day moving average of $1.61 and a 200-day moving average of $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 (NASDAQ:LIQT) last released its quarterly earnings data on Friday, March 28th. The company reported ($0.39) 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 company had revenue of $3.80 million for the quarter, compared to analysts’ expectations of $3.80 million. As a group, equities analysts predict that LiqTech International will post -1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of LiqTech International in a research note on Monday, January 13th. They set a “sell” rating for the company.

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.