Short Interest in LQR House Inc. (NASDAQ:YHC) Decreases By 95.0%

LQR House Inc. (NASDAQ:YHC) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 27,171 shares, a decline of 95.0% from the June 30th total of 539,264 shares. Based on an average trading volume of 1,299,380 shares, the short-interest ratio is currently 0.0 days. Currently, 3.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in LQR House stock. Geode Capital Management LLC acquired a new position in shares of LQR House Inc. (NASDAQ:YHC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,130 shares of the company’s stock, valued at approximately $27,000. Geode Capital Management LLC owned about 0.21% of LQR House as of its most recent SEC filing.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LQR House in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, LQR House presently has a consensus rating of “Sell”.

LQR House Trading Down 2.7%

LQR House stock traded down $0.05 during mid-day trading on Friday, reaching $1.78. The company had a trading volume of 105,254 shares, compared to its average volume of 965,203. LQR House has a fifty-two week low of $1.61 and a fifty-two week high of $190.00. The company has a market cap of $1.74 million, a P/E ratio of -0.01 and a beta of 3.20. The business has a fifty day simple moving average of $54.92 and a 200 day simple moving average of $78.55.

LQR House Company Profile

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.