Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Increases By 17.3%

PSQ Holdings, Inc. (NYSE:PSQH) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,100,000 shares, an increase of 17.3% from the February 13th total of 1,790,000 shares. Approximately 7.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,030,000 shares, the days-to-cover ratio is currently 1.0 days.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Maxim Group initiated coverage on shares of PSQ in a research note on Wednesday, January 15th. They issued a “buy” rating and a $8.00 price target for the company. Roth Mkm decreased their price target on PSQ from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday.

Institutional Investors Weigh In On PSQ

Several large investors have recently made changes to their positions in PSQH. Geode Capital Management LLC grew its holdings in 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 buying an additional 44,282 shares in the last quarter. Oxinas Partners Wealth Management LLC bought a new stake in shares of PSQ during the fourth quarter valued at about $82,000. Calton & Associates Inc. acquired a new stake in PSQ in the fourth quarter worth about $200,000. Spire Wealth Management bought a new position in PSQ in the 4th quarter valued at about $1,072,000. Finally, Leavell Investment Management Inc. acquired a new position in PSQ during the 4th quarter valued at about $189,000. Institutional investors and hedge funds own 17.32% of the company’s stock.

PSQ Stock Performance

Shares of NYSE PSQH traded up $0.03 during mid-day trading on Thursday, hitting $2.77. The company had a trading volume of 190,285 shares, compared to its average volume of 1,016,981. The stock has a market cap of $96.12 million, a price-to-earnings ratio of -2.19 and a beta of -0.21. The firm’s 50 day simple moving average is $3.47 and its two-hundred day simple moving average is $3.23. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. PSQ has a 12 month low of $2.00 and a 12 month high of $7.77.

PSQ (NYSE:PSQH) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The firm had revenue of $7.21 million for the quarter, compared to analyst estimates of $7.47 million. As a group, equities 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.