PSQ Holdings, Inc. (NYSE:PSQH) Short Interest Up 21.1% in January

PSQ Holdings, Inc. (NYSE:PSQH) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,950,000 shares, a growth of 21.1% from the January 15th total of 1,610,000 shares. Approximately 7.4% of the company’s stock are sold short. Based on an average daily trading volume, of 4,530,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alyeska Investment Group L.P. grew its position in shares of PSQ by 121.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,891,703 shares of the company’s stock valued at $8,588,000 after purchasing an additional 1,036,694 shares during the last quarter. 683 Capital Management LLC acquired a new stake in PSQ during the 4th quarter worth approximately $367,000. Northern Trust Corp boosted its stake in PSQ by 135.9% in the 4th quarter. Northern Trust Corp now owns 64,759 shares of the company’s stock valued at $294,000 after purchasing an additional 37,306 shares during the period. Harvest Investment Services LLC increased its position in PSQ by 108.4% during the 4th quarter. Harvest Investment Services LLC now owns 426,788 shares of the company’s stock worth $1,938,000 after buying an additional 222,041 shares during the period. Finally, Heights Capital Management Inc. acquired a new stake in shares of PSQ during the fourth quarter worth $5,836,000. Institutional investors and hedge funds own 17.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PSQH shares. Maxim Group began coverage on PSQ in a research report on Wednesday, January 15th. They issued a “buy” rating and a $8.00 target price on the stock. Roth Mkm lowered their price objective on shares of PSQ from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Thursday, November 14th.

PSQ Stock Performance

PSQH stock traded down $0.23 during midday trading on Monday, reaching $3.63. 1,334,513 shares of the company were exchanged, compared to its average volume of 1,270,018. PSQ has a one year low of $2.00 and a one year high of $7.77. The firm has a market capitalization of $126.28 million, a price-to-earnings ratio of -2.88 and a beta of -0.29. The business has a 50-day moving average price of $4.13 and a two-hundred day moving average price of $3.21. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72.

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.