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

PSQ Holdings, Inc. (NYSE:PSQH - Get Free Report) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 2,100,000 shares, an increase of 17.3% from the February 13th total of 1,790,000 shares. Currently, 7.6% of the shares of the company are sold short. Based on an average daily trading volume, of 2,030,000 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

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

PSQ Price Performance

PSQH traded down $0.05 during midday trading on Friday, reaching $2.67. 725,672 shares of the company's stock were exchanged, compared to its average volume of 1,333,436. The firm has a market capitalization of $92.64 million, a price-to-earnings ratio of -2.12 and a beta of -0.21. The company has a quick ratio of 1.72, a current ratio of 1.90 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 business has a 50-day simple moving average of $3.42 and a two-hundred day simple moving average of $3.23.

PSQ (NYSE:PSQH - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). The business had revenue of $7.21 million for the quarter, compared to the consensus estimate of $7.47 million. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. As a group, research analysts predict that PSQ will post -1.54 EPS for the current year.

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Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PSQH. Man Group plc bought a new position in shares of PSQ in the fourth quarter valued at approximately $77,000. Oxinas Partners Wealth Management LLC bought a new position in shares of PSQ in the fourth quarter valued at approximately $82,000. Toronto Dominion Bank bought a new position in shares of PSQ in the fourth quarter valued at approximately $91,000. Squarepoint Ops LLC bought a new position in shares of PSQ in the fourth quarter valued at approximately $109,000. Finally, Leavell Investment Management Inc. bought a new position in shares of PSQ in the fourth quarter valued at approximately $189,000. Institutional investors own 17.32% of the company's stock.

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.