PSQ Holdings, Inc. (NYSE:PSQH) Short Interest Update

PSQ Holdings, Inc. (NYSE:PSQH) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 251,349 shares, a decline of 91.3% from the June 30th total of 2,893,590 shares. Approximately 8.8% of the company’s shares are sold short. Based on an average trading volume of 54,784 shares, the short-interest ratio is presently 4.6 days.

PSQ Stock Down 3.8%

Shares of NYSE:PSQH traded down $0.13 during midday trading on Friday, reaching $3.33. 16,699 shares of the company were exchanged, compared to its average volume of 45,811. PSQ has a fifty-two week low of $3.01 and a fifty-two week high of $42.60. The stock has a fifty day simple moving average of $6.74 and a two-hundred day simple moving average of $9.64. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 3.42.

PSQ (NYSE:PSQH) last announced its earnings results on Thursday, May 7th. The company reported ($1.80) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.55) by $0.75. PSQ had a negative net margin of 143.15% and a negative return on equity of 217.16%. The firm had revenue of $8.16 million during the quarter, compared to analyst estimates of $7.19 million.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in PSQ by 1,463.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock valued at $32,000 after acquiring an additional 29,010 shares in the last quarter. Centiva Capital LP bought a new position in shares of PSQ during the 3rd quarter worth approximately $34,000. HRT Financial LP acquired a new stake in shares of PSQ in the fourth quarter valued at approximately $45,000. Shay Capital LLC raised its holdings in shares of PSQ by 46.1% in the second 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 during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of PSQ by 45.5% in the third 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 during the last quarter. 17.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded PSQ to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of PSQ in a report on Friday, July 17th. One research 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, the company currently has an average rating of “Hold” and a consensus price target of $52.50.

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.