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

LQR House Inc. (NASDAQ:YHC) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 28,074 shares, a drop of 42.2% from the August 15th total of 48,577 shares. Based on an average trading volume of 94,538 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.4% of the shares of the company are sold short.

LQR House Stock Performance

NASDAQ:YHC opened at $1.23 on Thursday. The stock has a fifty day moving average price of $1.74 and a 200-day moving average price of $54.04. The company has a market cap of $1.60 million, a price-to-earnings ratio of -0.05 and a beta of 3.37. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 0.96. LQR House has a fifty-two week low of $1.22 and a fifty-two week high of $119.00.

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

Analyst Ratings Changes

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

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.