Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Rises By 53.1%

PSQ Holdings, Inc. (NYSE:PSQH) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,730,000 shares, an increase of 53.1% from the November 30th total of 1,130,000 shares. Currently, 7.4% of the shares of the company are sold short. Based on an average daily volume of 3,900,000 shares, the days-to-cover ratio is presently 0.4 days.

Insider Activity at PSQ

In other news, Director Kelly Lynn Loeffler acquired 1,203,704 shares of PSQ stock in a transaction on Thursday, October 24th. The stock was bought at an average price of $2.70 per share, for a total transaction of $3,250,000.80. Following the transaction, the director now owns 1,203,704 shares of the company’s stock, valued at $3,250,000.80. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased a total of 1,209,235 shares of company stock worth $3,273,465 in the last ninety days. 32.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in PSQ stock. Geode Capital Management LLC boosted its stake in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,185 shares of the company’s stock after acquiring an additional 44,282 shares during the quarter. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 as of its most recent SEC filing. 17.32% of the stock is owned by institutional investors.

PSQ Trading Down 3.4 %

NYSE:PSQH traded down $0.17 during trading hours on Monday, hitting $4.82. 1,957,152 shares of the stock were exchanged, compared to its average volume of 1,139,318. The company’s 50 day moving average is $3.26 and its two-hundred day moving average is $3.03. The company has a market capitalization of $167.55 million, a P/E ratio of -3.83 and a beta of 0.17. PSQ has a twelve month low of $2.00 and a twelve month high of $7.77. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 6.46.

PSQ (NYSE:PSQH) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). The company had revenue of $6.54 million during the quarter, compared to analyst estimates of $6.52 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. During the same period last year, the company earned ($0.49) EPS. On average, sell-side analysts anticipate that PSQ will post -1.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their target price on PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, November 14th.

About PSQ

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name.