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H2O Innovation Inc. (OTCMKTS:HEOFF) Sees Significant Growth in Short Interest

kopsource ·  04/27/2023 11:51

H2O Innovation Inc. (OTCMKTS:HEOFF – Get Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 6,800 shares, a growth of 1,260.0% from the March 31st total of 500 shares. Based on an average daily volume of 13,900 shares, the short-interest ratio is presently 0.5 days.

H2O Innovation Stock Performance

Shares of H2O Innovation stock traded down $0.01 during trading on Wednesday, hitting $2.05. 3,209 shares of the stock were exchanged, compared to its average volume of 8,326. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.65 and a current ratio of 2.27. H2O Innovation has a 12 month low of $1.23 and a 12 month high of $2.18. The stock's fifty day moving average is $1.98 and its 200 day moving average is $1.78. The stock has a market cap of $184.52 million, a PE ratio of 51.26 and a beta of 0.56.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Desjardins lifted their price target on shares of H2O Innovation from C$3.50 to C$3.65 in a report on Wednesday, February 15th. National Bank Financial upped their target price on H2O Innovation from C$3.00 to C$3.25 in a report on Wednesday, February 15th.

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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