Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Grows By 21.1%

PSQ Holdings, Inc. (NYSE:PSQH - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,950,000 shares, a growth of 21.1% from the January 15th total of 1,610,000 shares. Currently, 7.4% of the company's shares are sold short. Based on an average daily volume of 4,530,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PSQH. Man Group plc acquired a new stake in PSQ during the fourth quarter worth about $77,000. Oxinas Partners Wealth Management LLC acquired a new position in PSQ in the fourth quarter valued at about $82,000. Toronto Dominion Bank acquired a new stake in shares of PSQ during the fourth quarter worth about $91,000. Squarepoint Ops LLC bought a new stake in PSQ in the 4th quarter valued at $109,000. Finally, Leavell Investment Management Inc. bought a new position in PSQ in the fourth quarter valued at $189,000. 17.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on PSQH shares. Maxim Group initiated coverage on shares of PSQ in a report on Wednesday, January 15th. They issued a "buy" rating and a $8.00 price objective on the stock. Roth Mkm lowered their price objective on PSQ from $5.00 to $3.50 and set a "buy" rating for the company in a research note on Thursday, November 14th.

PSQ Stock Down 3.1 %

NYSE:PSQH traded down $0.11 during trading hours on Wednesday, hitting $3.31. 1,127,412 shares of the stock traded hands, compared to its average volume of 1,233,194. 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 fifty-two week low of $2.00 and a fifty-two week high of $7.77. The firm has a 50 day moving average price of $4.08 and a 200 day moving average price of $3.23. The firm has a market cap of $114.88 million, a price-to-earnings ratio of -2.62 and a beta of -0.29.

PSQ Company Profile

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.