PSQ Holdings, Inc. (NYSE:PSQH) Short Interest Down 12.5% in January

PSQ Holdings, Inc. (NYSE:PSQH) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 1,610,000 shares, a decline of 12.5% from the December 31st total of 1,840,000 shares. Currently, 6.1% of the shares of the stock are short sold. Based on an average daily volume of 4,450,000 shares, the days-to-cover ratio is currently 0.4 days.

PSQ Stock Performance

PSQH stock opened at $3.92 on Monday. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90. The company’s 50 day simple moving average is $4.03 and its 200-day simple moving average is $3.15. PSQ has a 52-week low of $2.00 and a 52-week high of $7.77.

PSQ (NYSE:PSQH) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The company had revenue of $6.54 million during the quarter, compared to analyst estimates 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 in the prior year, the company posted ($0.49) EPS. On average, equities research analysts anticipate that PSQ will post -1.54 EPS for the current fiscal year.

Institutional Trading of PSQ

Large investors have recently added to or reduced their stakes in the business. Oxinas Partners Wealth Management LLC bought a new stake in PSQ in the fourth quarter worth approximately $82,000. Leavell Investment Management Inc. bought a new stake in PSQ in the fourth quarter worth approximately $189,000. Calton & Associates Inc. bought a new stake in shares of PSQ during the 4th quarter worth $200,000. Geode Capital Management LLC boosted its holdings in shares of PSQ by 28.6% during 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 during the period. Finally, Spire Wealth Management bought a new stake in shares of PSQ during the 4th quarter worth $1,072,000. 17.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Maxim Group assumed coverage on shares of PSQ in a report on Wednesday, January 15th. They set a “buy” rating and a $8.00 price target on the stock. Roth Mkm cut their price target on shares of PSQ from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, November 14th.

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.