Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Grows By 53.1%

PSQ Holdings, Inc. (NYSE:PSQH) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,730,000 shares, an increase of 53.1% from the November 30th total of 1,130,000 shares. Currently, 7.4% of the company’s stock are sold short. Based on an average daily trading volume, of 3,900,000 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Roth Mkm dropped their price objective 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.

Insider Buying and Selling

In related news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were bought at an average price of $2.70 per share, with a total value of $3,250,000.80. Following the transaction, the director now owns 1,203,704 shares in the company, valued at approximately $3,250,000.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 1,209,235 shares of company stock worth $3,273,465 in the last ninety days. 32.11% of the stock is owned by insiders.

Hedge Funds Weigh In On PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC lifted its position in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,185 shares of the company’s stock after purchasing an additional 44,282 shares during the period. Geode Capital Management LLC owned about 0.63% of PSQ worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 17.32% of the stock is currently owned by institutional investors.

PSQ Stock Performance

Shares of NYSE:PSQH traded up $0.35 during trading on Friday, hitting $4.99. The stock had a trading volume of 4,481,350 shares, compared to its average volume of 1,136,006. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 6.46. PSQ has a 12-month low of $2.00 and a 12-month high of $7.77. The stock has a market capitalization of $173.46 million, a price-to-earnings ratio of -3.96 and a beta of 0.17. The stock has a 50-day simple moving average of $3.26 and a two-hundred day simple moving average of $3.04.

PSQ (NYSE:PSQH) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The business had revenue of $6.54 million for 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 previous year, the firm posted ($0.49) earnings per share. On average, equities research analysts expect that PSQ will post -1.59 earnings per share for the current fiscal 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.