LQR House Inc. (NASDAQ:LQR) Sees Large Decline in Short Interest

LQR House Inc. (NASDAQ:LQR) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 99,900 shares, a drop of 14.0% from the June 15th total of 116,200 shares. Based on an average daily trading volume, of 190,800 shares, the short-interest ratio is currently 0.5 days. Approximately 2.2% of the shares of the company are sold short.

LQR House Trading Up 2.3 %

Shares of LQR House stock traded up $0.02 on Tuesday, reaching $0.88. 43,043 shares of the stock were exchanged, compared to its average volume of 501,227. LQR House has a 1-year low of $0.63 and a 1-year high of $290.00. The business has a fifty day moving average price of $1.00 and a two-hundred day moving average price of $1.56.

LQR House (NASDAQ:LQR) last released its earnings results on Wednesday, May 15th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($19.16) by $18.64. The company had revenue of $0.48 million for the quarter, compared to analysts’ expectations of $0.90 million. LQR House had a negative return on equity of 211.26% and a negative net margin of 1,229.70%. As a group, equities research analysts anticipate that LQR House will post -1.69 earnings per share for the current year.

About LQR House

LQR House Inc provides digital marketing and brand development services for the alcoholic beverage business in the United States. Its primary business includes the development of limited batch spirit brands and marketing internal and external brands through its CWS Platform. The company serves individual consumers, wholesalers, and third-party alcohol brands.