Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Rises By 17.3%

PSQ Holdings, Inc. (NYSE:PSQH) was the target of a significant growth in short interest in 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. Approximately 7.6% of the company’s stock are sold short. Based on an average daily volume of 2,030,000 shares, the short-interest ratio is currently 1.0 days.

PSQ Stock Down 3.0 %

Shares of PSQH traded down $0.09 on Wednesday, hitting $2.77. 465,440 shares of the stock traded hands, compared to its average volume of 1,320,126. PSQ has a one year low of $2.00 and a one year high of $7.77. The company has a market capitalization of $96.12 million, a PE ratio of -2.19 and a beta of -0.21. The business has a 50 day simple moving average of $3.50 and a 200 day simple moving average of $3.23. 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 announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The firm had revenue of $7.21 million during the quarter, compared to analysts’ expectations of $7.47 million. As a group, equities analysts forecast that PSQ will post -1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Maxim Group initiated coverage on shares of PSQ in a research note on Wednesday, January 15th. They set a “buy” rating and a $8.00 target price for the company.

Hedge Funds Weigh In On PSQ

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in PSQ by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 199,185 shares of the company’s stock worth $490,000 after acquiring an additional 44,282 shares during the last quarter. Spire Wealth Management bought a new stake in PSQ in the 4th quarter worth approximately $1,072,000. Leavell Investment Management Inc. bought a new stake in PSQ in the 4th quarter worth approximately $189,000. Calton & Associates Inc. bought a new stake in PSQ in the 4th quarter worth approximately $200,000. Finally, Oxinas Partners Wealth Management LLC bought a new stake in PSQ in the 4th quarter worth approximately $82,000. 17.32% of the stock is currently owned by hedge funds and other institutional investors.

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.