Short Interest in LQR House Inc. (NASDAQ:YHC) Declines By 38.7%

LQR House Inc. (NASDAQ:YHC) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 208,972 shares, a decline of 38.7% from the February 12th total of 340,820 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average trading volume of 175,674 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 175,674 shares, the short-interest ratio is presently 1.2 days. Currently, 1.6% of the company’s stock are short sold.

LQR House Trading Down 24.9%

NASDAQ:YHC opened at $0.65 on Friday. LQR House has a 12 month low of $0.53 and a 12 month high of $98.00. The firm has a fifty day simple moving average of $0.91 and a 200-day simple moving average of $0.88. The company has a market capitalization of $9.12 million, a P/E ratio of -0.01 and a beta of 4.25.

Insider Activity at LQR House

In related news, President Yilin Lu acquired 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of $0.90 per share, for a total transaction of $1,800,000.00. Following the purchase, the president directly owned 2,000,537 shares of the company’s stock, valued at $1,800,483.30. This trade represents a 372,439.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 9.37% of the company’s stock.

Institutional Trading of LQR House

A hedge fund recently bought a new stake in LQR House stock. XTX Topco Ltd purchased a new stake in shares of LQR House Inc. (NASDAQ:YHC) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 74,758 shares of the company’s stock, valued at approximately $67,000. XTX Topco Ltd owned about 0.53% of LQR House as of its most recent filing with the SEC.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LQR House in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, LQR House has a consensus rating of “Sell”.

About LQR House

LQR House, Inc provides digital marketing and brand development for alcoholic beverage space. It intends to integrate the supply, sales, and marketing facets of the alcoholic beverage space into one easy to use platform and become the one-stop-shop for everything related to alcohol. The company was founded on January 11, 2021 and is headquartered in Miami Beach, FL.