Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Rises By 17.3%

PSQ Holdings, Inc. (NYSE:PSQH) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,100,000 shares, an increase of 17.3% from the February 13th total of 1,790,000 shares. Approximately 7.6% of the company’s shares are short sold. Based on an average daily trading volume, of 2,030,000 shares, the short-interest ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

Separately, Maxim Group initiated coverage on shares of PSQ in a research report on Wednesday, January 15th. They set a “buy” rating and a $8.00 price target for the company.

Hedge Funds Weigh In On PSQ

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake 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 in the last quarter. Spire Wealth Management bought a new position in PSQ in the fourth quarter worth about $1,072,000. Leavell Investment Management Inc. bought a new position in PSQ in the fourth quarter worth about $189,000. Calton & Associates Inc. bought a new position in PSQ in the fourth quarter worth about $200,000. Finally, Oxinas Partners Wealth Management LLC bought a new position in PSQ in the fourth quarter worth about $82,000. 17.32% of the stock is owned by institutional investors.

PSQ Trading Down 3.0 %

Shares of PSQ stock traded down $0.09 during trading on Wednesday, reaching $2.77. 465,440 shares of the stock were exchanged, compared to its average volume of 1,320,126. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 6.46. The stock’s fifty day moving average is $3.50 and its 200 day moving average is $3.23. The firm has a market cap of $96.12 million, a price-to-earnings ratio of -2.19 and a beta of -0.21. PSQ has a 1 year low of $2.00 and a 1 year high of $7.77.

PSQ (NYSE:PSQH) last posted its earnings results on Thursday, March 13th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). The firm had revenue of $7.21 million for the quarter, compared to analysts’ expectations of $7.47 million. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. As a group, equities research analysts expect 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.