Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Expands By 53.1%

PSQ Holdings, Inc. (NYSE:PSQH) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 1,730,000 shares, an increase of 53.1% from the November 30th total of 1,130,000 shares. Currently, 7.4% of the shares of the company are sold short. Based on an average daily volume of 3,900,000 shares, the short-interest ratio is presently 0.4 days.

Insiders Place Their Bets

In other news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of $2.70 per share, with a total value of $3,250,000.80. Following the purchase, the director now directly owns 1,203,704 shares in the company, valued at $3,250,000.80. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have purchased 1,209,235 shares of company stock worth $3,273,465. Corporate insiders own 32.11% of the company’s stock.

Institutional Trading of PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC boosted its holdings in shares of PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,185 shares of the company’s stock after acquiring an additional 44,282 shares during the period. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 at the end of the most recent reporting period. 17.32% of the stock is currently owned by institutional investors.

PSQ Price Performance

NYSE:PSQH traded down $0.17 during trading hours on Monday, reaching $4.82. 1,957,152 shares of the company were exchanged, compared to its average volume of 1,139,318. The stock’s 50-day moving average is $3.26 and its 200-day moving average is $3.03. PSQ has a twelve month low of $2.00 and a twelve month high of $7.77. The firm has a market cap of $167.55 million, a PE ratio of -3.83 and a beta of 0.17. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46.

PSQ (NYSE:PSQH) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The company had revenue of $6.54 million during the quarter, compared to analysts’ expectations of $6.52 million. During the same period in the prior year, the business posted ($0.49) earnings per share. On average, sell-side analysts anticipate that PSQ will post -1.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm lowered their price target on PSQ from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

About PSQ

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.