PSQ Holdings, Inc. (NYSE:PSQH) Sees Significant Decline in Short Interest

PSQ Holdings, Inc. (NYSE:PSQH - Get Free Report) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 1,610,000 shares, a decrease of 12.5% from the December 31st total of 1,840,000 shares. Approximately 6.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,450,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of PSQ

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in PSQ by 28.6% during the third quarter. Geode Capital Management LLC now owns 199,185 shares of the company's stock worth $490,000 after purchasing an additional 44,282 shares in the last quarter. Spire Wealth Management acquired a new stake in PSQ during the fourth quarter worth $1,072,000. Calton & Associates Inc. purchased a new position in shares of PSQ during the fourth quarter worth $200,000. Oxinas Partners Wealth Management LLC purchased a new position in shares of PSQ during the fourth quarter worth $82,000. Finally, Leavell Investment Management Inc. purchased a new position in shares of PSQ during the fourth quarter worth $189,000. Hedge funds and other institutional investors own 17.32% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PSQH shares. Maxim Group started coverage on PSQ in a research note on Wednesday, January 15th. They set a "buy" rating and a $8.00 target price on the stock. Roth Mkm dropped their target price on PSQ from $5.00 to $3.50 and set a "buy" rating for the company in a report on Thursday, November 14th.

PSQ Stock Down 0.9 %

Shares of PSQH traded down $0.03 during trading hours on Wednesday, hitting $3.78. The company had a trading volume of 428,737 shares, compared to its average volume of 1,325,513. The company has a market capitalization of $131.29 million, a PE ratio of -3.00 and a beta of -0.29. 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 has a one year low of $2.00 and a one year high of $7.77. The company's fifty day moving average price is $4.10 and its two-hundred day moving average price is $3.15.

PSQ (NYSE:PSQH - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The business had revenue of $6.54 million for the quarter, compared to analyst estimates of $6.52 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. During the same period in the prior year, the company earned ($0.49) earnings per share. As a group, equities analysts forecast that PSQ will post -1.54 earnings per share for the current fiscal year.

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.