LiqTech International, Inc. (NASDAQ:LIQT) Short Interest Up 43.1% in March

LiqTech International, Inc. (NASDAQ:LIQT) saw 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 volume of 10,800 shares, the days-to-cover ratio is currently 9.6 days. Currently, 1.5% of the shares of the company are sold short.

LiqTech International Price Performance

NASDAQ LIQT traded down $0.11 on Monday, hitting $1.49. The stock had a trading volume of 5,445 shares, compared to its average volume of 12,980. The company has a market capitalization of $14.08 million, a price-to-earnings ratio of -0.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.62 and a current ratio of 2.66. The firm has a 50-day moving average of $1.61 and a 200-day moving average of $1.92. LiqTech International has a 52-week low of $1.34 and a 52-week high of $3.20.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on LiqTech International in a research 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 and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake 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 acquiring an additional 11,043 shares during the period. Bleichroeder LP lifted its stake in LiqTech International by 451.4% during the 4th 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. Geode Capital Management LLC lifted its position in LiqTech International by 73.9% during 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 period. Finally, WealthTrust Axiom LLC boosted 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 worth $383,000 after buying an additional 27,300 shares during the last quarter. 35.06% of the stock is currently owned by institutional investors.

LiqTech International Company Profile

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.