Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Increases By 25.2%

PSQ Holdings, Inc. (NYSE:PSQH - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,630,000 shares, an increase of 25.2% from the February 28th total of 2,100,000 shares. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is currently 2.3 days. Approximately 9.5% of the company's shares are short sold.

PSQ Trading Down 8.8 %

Shares of PSQ stock traded down $0.18 during trading hours on Friday, reaching $1.83. The stock had a trading volume of 939,978 shares, compared to its average volume of 1,349,537. 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 1 year low of $1.80 and a 1 year high of $7.77. The firm has a market capitalization of $78.32 million, a price-to-earnings ratio of -1.45 and a beta of -0.12. The firm has a 50 day simple moving average of $3.02 and a two-hundred day simple moving average of $3.20.

PSQ (NYSE:PSQH - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.40) 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 business had revenue of $7.21 million during the quarter, compared to analysts' expectations of $7.47 million. As a group, equities research analysts anticipate that PSQ will post -1.54 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Roth Mkm lowered their target price on shares of PSQ from $5.00 to $4.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Maxim Group started coverage on shares of PSQ in a research note on Wednesday, January 15th. They set a "buy" rating and a $8.00 price objective for the company.

Hedge Funds Weigh In On PSQ

Several hedge funds and other institutional investors have recently made changes to their positions in PSQH. Alyeska Investment Group L.P. raised its position in PSQ by 121.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,891,703 shares of the company's stock valued at $8,588,000 after purchasing an additional 1,036,694 shares during the period. Heights Capital Management Inc. acquired a new stake in shares of PSQ in the fourth quarter valued at about $5,836,000. Harvest Investment Services LLC raised its holdings in shares of PSQ by 108.4% during the 4th quarter. Harvest Investment Services LLC now owns 426,788 shares of the company's stock valued at $1,938,000 after buying an additional 222,041 shares during the period. Spire Wealth Management acquired a new position in PSQ during the 4th quarter worth approximately $1,072,000. Finally, Geode Capital Management LLC boosted its holdings in PSQ by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 217,202 shares of the company's stock worth $986,000 after acquiring an additional 18,017 shares during the period. Institutional investors and hedge funds own 17.32% of the company's stock.

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.