Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Expands By 53.1%

PSQ Holdings, Inc. (NYSE:PSQH) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 1,730,000 shares, an increase of 53.1% from the November 30th total of 1,130,000 shares. Currently, 7.4% of the company’s stock are sold short. Based on an average trading volume of 3,900,000 shares, the short-interest ratio is currently 0.4 days.

Insiders Place Their Bets

In related news, Director Kelly Lynn Loeffler purchased 1,203,704 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of $2.70 per share, for a total transaction of $3,250,000.80. Following the acquisition, the director now owns 1,203,704 shares of the company’s stock, valued at $3,250,000.80. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 1,209,235 shares of company stock worth $3,273,465 in the last three months. Corporate insiders own 32.11% of the company’s stock.

Hedge Funds Weigh In On PSQ

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC raised its holdings in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 199,185 shares of the company’s stock after purchasing an additional 44,282 shares during the quarter. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 17.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm decreased their target price on shares of PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, November 14th.

PSQ Stock Down 3.4 %

PSQH stock traded down $0.17 on Monday, hitting $4.82. 1,957,152 shares of the company’s stock were exchanged, compared to its average volume of 1,139,318. The firm has a 50 day moving average price of $3.26 and a two-hundred day moving average price of $3.03. PSQ has a 12-month low of $2.00 and a 12-month high of $7.77. The stock has a market cap of $167.55 million, a P/E ratio of -3.83 and a beta of 0.17. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90.

PSQ (NYSE:PSQH) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). The company had revenue of $6.54 million during the quarter, compared to analysts’ expectations of $6.52 million. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. During the same period in the prior year, the business posted ($0.49) EPS. As a group, equities research analysts expect that PSQ will post -1.59 EPS for the current fiscal year.

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.