PSQ Holdings, Inc. (NYSE:PSQH) Sees Significant Drop in Short Interest

PSQ Holdings, Inc. (NYSE:PSQH) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 4,237,614 shares, a decrease of 15.5% from the February 12th total of 5,015,249 shares. Based on an average trading volume of 359,179 shares, the days-to-cover ratio is presently 11.8 days. Approximately 13.5% of the shares of the stock are sold short. Approximately 13.5% of the shares of the stock are sold short. Based on an average trading volume of 359,179 shares, the days-to-cover ratio is presently 11.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $3.50.

PSQ Trading Down 3.7%

Shares of NYSE PSQH traded down $0.03 during trading on Wednesday, hitting $0.74. 1,089,570 shares of the company were exchanged, compared to its average volume of 2,014,677. PSQ has a 12-month low of $0.59 and a 12-month high of $2.88. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.54 and a current ratio of 2.54. The company has a fifty day moving average price of $0.82 and a 200-day moving average price of $1.39. The firm has a market capitalization of $34.42 million, a PE ratio of -0.62 and a beta of 0.08.

PSQ (NYSE:PSQH) last announced its quarterly earnings data on Tuesday, March 17th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). PSQ had a negative net margin of 178.95% and a negative return on equity of 184.74%. The firm had revenue of $7.33 million during the quarter. As a group, equities research analysts expect that PSQ will post -1.54 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its stake in PSQ by 83.3% during the second quarter. SBI Securities Co. Ltd. now owns 12,390 shares of the company’s stock worth $25,000 after acquiring an additional 5,631 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of PSQ by 13.0% during the 2nd quarter. Geode Capital Management LLC now owns 333,355 shares of the company’s stock worth $683,000 after purchasing an additional 38,391 shares during the period. XTX Topco Ltd increased its position in shares of PSQ by 44.5% during the 2nd quarter. XTX Topco Ltd now owns 61,609 shares of the company’s stock worth $126,000 after purchasing an additional 18,969 shares during the last quarter. Sepio Capital LP purchased a new stake in PSQ in the 2nd quarter valued at about $2,468,000. Finally, Marshall Wace LLP raised its holdings in PSQ by 1,727.8% in the 2nd quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock valued at $1,784,000 after buying an additional 822,544 shares during the period. 17.32% of the stock is currently owned by institutional investors and hedge funds.

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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.