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

LQR House Inc. (NASDAQ:LQR) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 40,800 shares, a decline of 20.3% from the August 15th total of 51,200 shares. Based on an average daily volume of 208,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.8% of the company’s shares are sold short.

LQR House Stock Performance

Shares of NASDAQ:LQR traded down $0.01 during midday trading on Tuesday, hitting $0.59. 41,550 shares of the company’s stock traded hands, compared to its average volume of 436,694. LQR House has a twelve month low of $0.53 and a twelve month high of $27.52. The company has a market cap of $2.73 million and a PE ratio of -0.42. The firm’s fifty day moving average price is $0.70 and its two-hundred day moving average price is $1.04.

LQR House (NASDAQ:LQR) last issued its earnings results on Tuesday, August 13th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.01). The company had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $0.56 million. LQR House had a negative return on equity of 152.13% and a negative net margin of 907.47%. As a group, equities research analysts anticipate that LQR House will post -1.69 EPS for the current fiscal year.

About LQR House

LQR House Inc provides digital marketing and brand development services for the alcoholic beverage business in the United States. Its primary business includes the development of limited batch spirit brands and marketing internal and external brands through its CWS Platform. The company serves individual consumers, wholesalers, and third-party alcohol brands.