PSQ Holdings, Inc. (NYSE:PSQH) Short Interest Down 17.2% in April

PSQ Holdings, Inc. (NYSE:PSQH) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 3,436,285 shares, a decrease of 17.2% from the March 31st total of 4,147,958 shares. Currently, 9.1% of the shares of the stock are sold short. Based on an average trading volume of 374,563 shares, the short-interest ratio is currently 9.2 days.

Wall Street Analyst Weigh In

PSQH has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a report on Tuesday, April 21st. Wall Street Zen raised shares of PSQ from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $3.50.

Hedge Funds Weigh In On PSQ

A number of institutional investors have recently made changes to their positions in PSQH. Shay Capital LLC boosted its stake in shares of PSQ by 46.1% in the 2nd quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock valued at $58,000 after purchasing an additional 9,001 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of PSQ by 45.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock valued at $61,000 after purchasing an additional 10,000 shares in the last quarter. Harvest Investment Services LLC boosted its stake in shares of PSQ by 1.8% in the 3rd quarter. Harvest Investment Services LLC now owns 652,294 shares of the company’s stock valued at $1,246,000 after purchasing an additional 11,412 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of PSQ by 0.6% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,368,764 shares of the company’s stock valued at $4,524,000 after purchasing an additional 14,525 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of PSQ in the 3rd quarter valued at $34,000. Institutional investors own 17.32% of the company’s stock.

PSQ Price Performance

Shares of NYSE:PSQH traded up $0.07 during trading on Friday, reaching $0.75. The company had a trading volume of 244,067 shares, compared to its average volume of 322,412. The company has a fifty day moving average of $0.63 and a two-hundred day moving average of $1.09. The stock has a market capitalization of $36.54 million, a P/E ratio of -0.95 and a beta of 0.38. PSQ has a 12 month low of $0.48 and a 12 month high of $2.84. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.12.

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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.