PSQ Holdings, Inc. (NYSE:PSQH) Sees Large Growth in Short Interest

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

PSQ Trading Up 7.5 %

Shares of PSQ stock traded up $0.35 on Friday, hitting $4.99. 4,481,350 shares of the company's stock traded hands, compared to its average volume of 1,136,006. The firm's 50-day moving average price is $3.26 and its two-hundred day moving average price is $3.03. 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 has a market capitalization of $173.46 million, a PE ratio of -3.96 and a beta of 0.17. PSQ has a one year low of $2.00 and a one year high of $7.77.

PSQ (NYSE:PSQH - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) EPS 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 the consensus estimate of $6.52 million. During the same quarter in the prior year, the company posted ($0.49) EPS. On average, research analysts expect that PSQ will post -1.59 EPS for the current fiscal year.

Insider Buying and Selling at PSQ

In other news, Director Kelly Lynn Loeffler acquired 1,203,704 shares of PSQ stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $2.70 per share, with a total value of $3,250,000.80. Following the acquisition, the director now owns 1,203,704 shares in the company, valued at $3,250,000.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders purchased 1,209,235 shares of company stock worth $3,273,465. 32.11% of the stock is currently owned by corporate insiders.

Institutional Trading of PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC raised its position in PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 28.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 199,185 shares of the company's stock after purchasing an additional 44,282 shares during the period. Geode Capital Management LLC owned approximately 0.63% of PSQ worth $490,000 as of its most recent filing with the SEC. 17.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.