PSQ Holdings, Inc. (NYSE:PSQH) Short Interest Update

PSQ Holdings, Inc. (NYSE:PSQH) was the recipient of a large drop in short interest during 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. Based on an average daily trading volume, of 4,450,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 6.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

PSQH has been the topic of a number of research analyst reports. Roth Mkm reduced their price objective on shares of PSQ from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Maxim Group started coverage on shares of PSQ in a research report on Wednesday, January 15th. They set a “buy” rating and a $8.00 price target on the stock.

Hedge Funds Weigh In On PSQ

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Spire Wealth Management purchased a new stake in PSQ during the 4th quarter valued at about $1,072,000. Geode Capital Management LLC raised its holdings in PSQ by 28.6% in the third 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 during the last quarter. Calton & Associates Inc. bought a new position in shares of PSQ in the fourth quarter worth approximately $200,000. Leavell Investment Management Inc. purchased a new stake in shares of PSQ during the fourth quarter valued at approximately $189,000. Finally, Oxinas Partners Wealth Management LLC bought a new stake in shares of PSQ during the fourth quarter valued at approximately $82,000. Institutional investors own 17.32% of the company’s stock.

PSQ Trading Down 0.6 %

PSQH opened at $3.92 on Friday. The business has a 50 day moving average of $4.03 and a 200-day moving average of $3.16. PSQ has a 52 week low of $2.00 and a 52 week high of $7.77. 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 announced its earnings results on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). The business had revenue of $6.54 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted ($0.49) EPS. As a group, research analysts predict that PSQ will post -1.54 earnings per share for the current fiscal year.

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.