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

PSQ Holdings, Inc. (NYSE:PSQH) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,630,000 shares, a growth of 25.2% from the February 28th total of 2,100,000 shares. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is currently 2.3 days. Currently, 9.5% of the shares of the stock are short sold.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Maxim Group began coverage on shares of PSQ in a research report on Wednesday, January 15th. They set a “buy” rating and a $8.00 price objective for the company. Roth Mkm decreased their target price on shares of PSQ from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th.

PSQ Trading Down 3.3 %

Shares of NYSE:PSQH traded down $0.08 during trading on Tuesday, hitting $2.22. The company had a trading volume of 696,977 shares, compared to its average volume of 1,330,330. The stock has a market cap of $95.05 million, a price-to-earnings ratio of -1.76 and a beta of -0.21. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. The company has a fifty day simple moving average of $3.20 and a two-hundred day simple moving average of $3.22. PSQ has a one year low of $2.00 and a one year high of $7.77.

PSQ (NYSE:PSQH) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The company had revenue of $7.21 million during the quarter, compared to the consensus estimate of $7.47 million. As a group, equities analysts forecast that PSQ will post -1.54 earnings per share for the current year.

Hedge Funds Weigh In On PSQ

A number of large investors have recently made changes to their positions in the company. Man Group plc purchased a new stake in PSQ in the 4th quarter worth about $77,000. Oxinas Partners Wealth Management LLC bought a new position in shares of PSQ during the fourth quarter valued at approximately $82,000. Toronto Dominion Bank purchased a new stake in shares of PSQ in the fourth quarter worth approximately $91,000. Squarepoint Ops LLC bought a new stake in shares of PSQ during the 4th quarter worth approximately $109,000. Finally, Leavell Investment Management Inc. bought a new stake in shares of PSQ during the 4th quarter worth approximately $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.