LiqTech International Inc (NASDAQ:LIQT) Sees Large Growth in Short Interest
LiqTech International Inc (NASDAQ:LIQT) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 1,650,000 shares, an increase of 20.4% from the August 30th total of 1,370,000 shares. Based on an average trading volume of 210,900 shares, the days-to-cover ratio is currently 7.8 days. Approximately 9.0% of the company’s stock are sold short.
Several equities analysts recently weighed in on the stock. Stephens initiated coverage on shares of LiqTech International in a research report on Tuesday, July 9th. They set an “overweight” rating and a $13.00 price objective on the stock. ValuEngine downgraded LiqTech International from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.
LIQT stock traded up $0.13 during midday trading on Friday, hitting $7.98. 151,574 shares of the company traded hands, compared to its average volume of 129,372. LiqTech International has a twelve month low of $4.36 and a twelve month high of $10.69. The business has a 50 day simple moving average of $7.27 and a 200-day simple moving average of $7.81.
About LiqTech International
LiqTech International, Inc, a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company manufactures and sells ceramic silicon carbide membranes and systems for liquid filtration under the LiqTech, Cometas, and Provital brand names, which are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, and pool and spa water, as well as marine scrubber bleed water.
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