PSQ Holdings, Inc. (NYSE:PSQH) Short Interest Down 12.5% in January

PSQ Holdings, Inc. (NYSE:PSQH) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,610,000 shares, a drop of 12.5% from the December 31st total of 1,840,000 shares. Approximately 6.1% of the company’s shares are sold short. Based on an average daily volume of 4,450,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in shares of PSQ in the 4th quarter worth approximately $1,072,000. Geode Capital Management LLC lifted its stake in shares of PSQ by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 199,185 shares of the company’s stock worth $490,000 after acquiring an additional 44,282 shares during the period. Calton & Associates Inc. acquired a new stake in shares of PSQ in the 4th quarter worth approximately $200,000. Leavell Investment Management Inc. acquired a new stake in shares of PSQ in the 4th quarter worth approximately $189,000. Finally, Oxinas Partners Wealth Management LLC acquired a new stake in shares of PSQ in the 4th quarter worth approximately $82,000. 17.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on PSQH. Maxim Group began coverage on shares of PSQ in a research report on Wednesday, January 15th. They issued a “buy” rating and a $8.00 price objective for the company. Roth Mkm dropped their price objective on shares of PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, November 14th.

PSQ Price Performance

PSQ stock opened at $3.92 on Monday. PSQ has a 1 year low of $2.00 and a 1 year high of $7.77. The firm’s 50-day moving average is $4.03 and its 200-day moving average is $3.15. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90.

PSQ (NYSE:PSQH) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The business 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 firm posted ($0.49) earnings per share. As a group, research analysts forecast that PSQ will post -1.54 earnings per share for the current year.

PSQ Company Profile

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.