LQR House Inc. (NASDAQ:YHC) Sees Large Decline in Short Interest

LQR House Inc. (NASDAQ:YHC) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 48,577 shares, a drop of 67.9% from the July 30th total of 151,238 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average daily volume of 124,315 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On LQR House

A hedge fund recently bought a new stake in LQR House stock. XTX Topco Ltd purchased a new position in shares of LQR House Inc. (NASDAQ:YHC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 74,758 shares of the company’s stock, valued at approximately $67,000. XTX Topco Ltd owned approximately 0.53% of LQR House at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on YHC. Wall Street Zen raised shares of LQR House from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of LQR House in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

LQR House Price Performance

LQR House stock opened at $1.66 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50 day simple moving average of $16.37 and a 200-day simple moving average of $63.52. LQR House has a 12 month low of $1.27 and a 12 month high of $119.00. The stock has a market capitalization of $2.16 million, a PE ratio of -0.01 and a beta of 3.40.

LQR House (NASDAQ:YHC) last issued its earnings results on Wednesday, August 19th. The company reported $12.54 earnings per share (EPS) for the quarter. LQR House had a negative return on equity of 14.06% and a negative net margin of 1,588.72%.The business had revenue of $0.35 million during the quarter.

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.