Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Decreases By 91.3%

PSQ Holdings, Inc. (NYSE:PSQH) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 251,349 shares, a decrease of 91.3% from the June 30th total of 2,893,590 shares. Based on an average daily volume of 54,784 shares, the short-interest ratio is currently 4.6 days. Currently, 8.8% of the company’s shares are sold short.

Institutional Investors Weigh In On PSQ

A number of institutional investors and hedge funds have recently made changes to their positions in PSQH. Centiva Capital LP bought a new position in shares of PSQ in the third quarter valued at $34,000. Shay Capital LLC lifted its stake in PSQ by 46.1% in the second quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock valued at $58,000 after acquiring an additional 9,001 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in PSQ by 1,463.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock valued at $32,000 after acquiring an additional 29,010 shares during the last quarter. Bridgeway Capital Management LLC grew its position in shares of PSQ by 45.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock valued at $61,000 after acquiring an additional 10,000 shares during the period. Finally, HRT Financial LP bought a new position in shares of PSQ in the 4th quarter valued at about $45,000. Institutional investors own 17.32% of the company’s stock.

Analysts Set New Price Targets

PSQH has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of PSQ to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $52.50.

PSQ Stock Down 3.8%

PSQH traded down $0.13 during trading on Friday, hitting $3.33. The company had a trading volume of 16,699 shares, compared to its average volume of 46,341. The company has a market capitalization of $10.82 million, a PE ratio of -0.27 and a beta of 0.44. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 3.42. PSQ has a one year low of $3.01 and a one year high of $42.60. The firm’s 50-day moving average price is $6.74 and its 200 day moving average price is $9.64.

PSQ (NYSE:PSQH) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.80) earnings per share for the quarter, topping the consensus estimate of ($2.55) by $0.75. The company had revenue of $8.16 million during the quarter, compared to analysts’ expectations of $7.19 million. PSQ had a negative return on equity of 217.16% and a negative net margin of 143.15%.

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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.