LQR House Inc. (NASDAQ:YHC) Sees Significant Decline in Short Interest

LQR House Inc. (NASDAQ:YHC) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 48,577 shares, a drop of 67.9% from the July 30th total of 151,238 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average trading volume of 124,315 shares, the short-interest ratio is currently 0.4 days.

LQR House Trading Down 0.6%

YHC stock opened at $1.70 on Friday. LQR House has a twelve month low of $1.27 and a twelve month high of $119.00. The stock has a market capitalization of $2.21 million, a price-to-earnings ratio of -0.07 and a beta of 3.40. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $12.89 and its two-hundred day simple moving average is $62.47.

LQR House (NASDAQ:YHC) last released its earnings results on Wednesday, August 19th. The company reported $12.54 earnings per share (EPS) for the quarter. LQR House had a negative net margin of 1,588.72% and a negative return on equity of 14.06%. The firm had revenue of $0.35 million during the quarter.

Analysts Set New Price Targets

A number of brokerages recently commented on YHC. Wall Street Zen raised shares of LQR House from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of LQR House in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LQR House stock. XTX Topco Ltd bought a new stake in shares of LQR House Inc. (NASDAQ:YHC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 74,758 shares of the company’s stock, valued at approximately $67,000. XTX Topco Ltd owned about 0.53% of LQR House as of its most recent filing with the Securities & Exchange Commission.

About LQR House

LQR House, Inc provides digital marketing and brand development for alcoholic beverage space. It intends to integrate the supply, sales, and marketing facets of the alcoholic beverage space into one easy to use platform and become the one-stop-shop for everything related to alcohol. The company was founded on January 11, 2021 and is headquartered in Miami Beach, FL.