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

PSQ Holdings, Inc. (NYSE:PSQH) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,100,000 shares, a growth of 17.3% from the February 13th total of 1,790,000 shares. Based on an average daily volume of 2,030,000 shares, the short-interest ratio is presently 1.0 days. Currently, 7.6% of the company’s stock are sold short.

PSQ Stock Down 1.3 %

PSQ stock opened at $2.71 on Friday. PSQ has a 1-year low of $2.00 and a 1-year high of $7.77. The business has a fifty day moving average price of $3.45 and a 200-day moving average price of $3.23. 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 $94.03 million, a price-to-earnings ratio of -2.15 and a beta of -0.21.

PSQ (NYSE:PSQH) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The business had revenue of $7.21 million during the quarter, compared to analyst estimates of $7.47 million. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. Equities research analysts forecast that PSQ will post -1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PSQH has been the subject of a number of recent research reports. Roth Mkm reduced 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. Maxim Group began 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PSQH. Man Group plc acquired a new stake in shares of PSQ during the fourth quarter worth $77,000. Oxinas Partners Wealth Management LLC acquired a new stake in PSQ during the 4th quarter worth about $82,000. Toronto Dominion Bank purchased a new stake in PSQ during the 4th quarter valued at about $91,000. Squarepoint Ops LLC acquired a new position in shares of PSQ in the fourth quarter valued at about $109,000. Finally, Leavell Investment Management Inc. purchased a new position in shares of PSQ in the fourth quarter worth about $189,000. 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.