Short Interest in LQR House Inc. (NASDAQ:YHC) Increases By 456.6%

LQR House Inc. (NASDAQ:YHC) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 151,238 shares, an increase of 456.6% from the July 15th total of 27,171 shares. Approximately 17.1% of the shares of the stock are short sold. Based on an average daily volume of 493,219 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On LQR House

An institutional investor recently bought a new position in LQR House stock. Geode Capital Management LLC acquired a new stake in LQR House Inc. (NASDAQ:YHC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 30,130 shares of the company’s stock, valued at approximately $27,000. Geode Capital Management LLC owned about 0.21% of LQR House at the end of the most recent reporting period.

LQR House Stock Performance

Shares of LQR House stock remained flat at $1.60 during trading hours on Thursday. 40,223 shares of the stock were exchanged, compared to its average volume of 161,686. The business’s 50 day simple moving average is $32.21 and its 200 day simple moving average is $69.59. The stock has a market cap of $1.57 million, a PE ratio of -0.01 and a beta of 3.40. LQR House has a 12-month low of $1.27 and a 12-month high of $119.00.

Analyst Upgrades and Downgrades

YHC has been the subject of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of LQR House in a research note on Friday, July 17th. Wall Street Zen raised LQR House to a “sell” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

LQR House Company Profile

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.