PSQ Holdings, Inc. (NYSE:PSQH) Short Interest Update

PSQ Holdings, Inc. (NYSE:PSQH) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 2,100,000 shares, a growth of 17.3% from the February 13th total of 1,790,000 shares. Based on an average daily volume of 2,030,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 7.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

PSQH has been the subject of a number of analyst reports. Roth Mkm dropped their price target on PSQ from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday. Maxim Group assumed coverage on PSQ in a research note on Wednesday, January 15th. They issued a “buy” rating and a $8.00 target price for the company.

PSQ Stock Up 0.9 %

Shares of PSQH stock traded up $0.03 during trading on Thursday, reaching $2.77. The company’s stock had a trading volume of 190,285 shares, compared to its average volume of 1,016,981. The company has a market capitalization of $96.12 million, a price-to-earnings ratio of -2.19 and a beta of -0.21. PSQ has a 1-year low of $2.00 and a 1-year high of $7.77. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. The stock’s 50-day moving average price is $3.47 and its 200 day moving average price is $3.23.

PSQ (NYSE:PSQH) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The company had revenue of $7.21 million during the quarter, compared to analysts’ expectations of $7.47 million. On average, research analysts anticipate that PSQ will post -1.54 EPS for the current year.

Institutional Trading of PSQ

A number of hedge funds have recently added to or reduced their stakes in PSQH. Man Group plc purchased a new position in shares of PSQ in the fourth quarter valued at $77,000. Oxinas Partners Wealth Management LLC purchased a new position in shares of PSQ in the 4th quarter valued at $82,000. Geode Capital Management LLC lifted its stake in shares of PSQ by 9.0% during the fourth quarter. Geode Capital Management LLC now owns 217,202 shares of the company’s stock worth $986,000 after purchasing an additional 18,017 shares in the last quarter. Toronto Dominion Bank purchased a new position in PSQ in the 4th quarter worth approximately $91,000. Finally, Squarepoint Ops LLC purchased a new stake in PSQ during the 4th quarter worth $109,000. 17.32% of the stock is owned by institutional investors and hedge funds.

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.