Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Expands By 21.1%

PSQ Holdings, Inc. (NYSE:PSQH) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,950,000 shares, an increase of 21.1% from the January 15th total of 1,610,000 shares. Based on an average trading volume of 4,530,000 shares, the short-interest ratio is currently 0.4 days. Approximately 7.4% of the company’s stock are short sold.

PSQ Stock Performance

PSQ stock traded down $0.23 during mid-day trading on Friday, reaching $3.63. 1,334,513 shares of the company’s stock were exchanged, compared to its average volume of 1,270,018. The business’s fifty day simple moving average is $4.13 and its 200 day simple moving average is $3.21. The firm has a market capitalization of $126.28 million, a PE ratio of -2.88 and a beta of -0.29. PSQ has a one year low of $2.00 and a one year 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 released its earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The firm had revenue of $6.54 million during the quarter, compared to analysts’ expectations of $6.52 million. During the same period in the prior year, the business earned ($0.49) earnings per share. On average, sell-side analysts expect that PSQ will post -1.54 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on PSQH. Maxim Group began coverage on PSQ in a report on Wednesday, January 15th. They issued a “buy” rating and a $8.00 price target on the stock. Roth Mkm cut their price target on PSQ from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, November 14th.

Institutional Trading of PSQ

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of PSQ by 28.6% in the third quarter. Geode Capital Management LLC now owns 199,185 shares of the company’s stock valued at $490,000 after purchasing an additional 44,282 shares in the last quarter. Oxinas Partners Wealth Management LLC bought a new stake in PSQ during the fourth quarter valued at $82,000. Calton & Associates Inc. bought a new stake in PSQ during the fourth quarter valued at $200,000. Spire Wealth Management bought a new stake in PSQ during the fourth quarter valued at $1,072,000. Finally, Leavell Investment Management Inc. bought a new stake in PSQ during the fourth quarter valued at $189,000. 17.32% of the stock is owned by hedge funds and other institutional investors.

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.