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H2O Innovation Inc. (OTCMKTS:HEOFF) Sees Large Increase in Short Interest

Financial News Live ·  03/12/2023 19:53

H2O Innovation Inc. (OTCMKTS:HEOFF – Get Rating) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 15,700 shares, a growth of 37.7% from the February 13th total of 11,400 shares. Based on an average daily volume of 22,800 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

HEOFF has been the topic of several research analyst reports. National Bank Financial increased their price target on shares of H2O Innovation from C$3.00 to C$3.25 in a research note on Wednesday, February 15th. Desjardins raised their price objective on shares of H2O Innovation from C$3.50 to C$3.65 in a research note on Wednesday, February 15th. Finally, Raymond James reduced their price objective on shares of H2O Innovation from C$3.75 to C$3.50 in a research note on Monday, November 14th.

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H2O Innovation Price Performance

Shares of HEOFF stock opened at $1.98 on Friday. H2O Innovation has a 12-month low of $1.23 and a 12-month high of $2.18. The firm has a market capitalization of $178.22 million, a price-to-earnings ratio of 24.75 and a beta of 0.59. The company has a quick ratio of 1.60, a current ratio of 2.25 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $1.91 and a 200-day moving average of $1.68.

H2O Innovation (OTCMKTS:HEOFF – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The company reported $0.02 earnings per share (EPS) for the quarter. H2O Innovation had a net margin of 2.00% and a return on equity of 10.53%. The company had revenue of $47.03 million during the quarter.

About H2O Innovation

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H2O Innovation, Inc engages in the design and provision of water treatment solutions based on membrane filtration technology. It operates through the following segments: Water Technologies and Services, Specialty Products and Operation and Maintenance Services. The Water Technologies and Services segment includes water, wastewater projects and services.

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