Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as LiqTech International Inc (NYSEMKT:LIQT) but similarly valued. These stocks are Nuverra Environmental Solutions Inc (NYSE:NES), Penn Virginia Corporation (NYSE:PVA), ImmunoCellular Therapeutics Ltd (NYSEAMEX:IMUC), and Rand Logistics, Inc. (NASDAQ:RLOG). All of these stocks’ market caps resemble LIQT’s market cap.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
As you can see these stocks had an average of 6.5 hedge funds with bullish positions and the average amount invested in these stocks was $5 million. That figure was $1 million in LIQT’s case. Penn Virginia Corporation (NYSE:PVA) is the most popular stock in this table. On the other hand Nuverra Environmental Solutions Inc (NYSE:NES) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks LiqTech International Inc (NYSEMKT:LIQT) is even less popular than NES. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.