LQR House Inc. (NASDAQ:YHC) Short Interest Down 50.7% in May

LQR House Inc. (NASDAQ:YHC) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 110,877 shares, a decline of 50.7% from the May 14th total of 224,995 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 187,138 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On LQR House

A hedge fund recently bought a new stake in LQR House stock. Geode Capital Management LLC acquired a new position in shares of LQR House Inc. (NASDAQ:YHC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 30,130 shares of the company’s stock, valued at approximately $27,000. Geode Capital Management LLC owned approximately 0.21% of LQR House as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LQR House in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

LQR House Price Performance

Shares of YHC stock traded up $0.02 on Monday, hitting $0.78. The stock had a trading volume of 42,645 shares, compared to its average volume of 208,095. The firm has a market capitalization of $10.99 million, a P/E ratio of -0.53 and a beta of 2.78. LQR House has a 1 year low of $0.50 and a 1 year high of $11.14. The company’s 50 day moving average price is $0.89 and its 200-day moving average price is $0.90.

LQR House (NASDAQ:YHC) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. LQR House had a negative net margin of 1,769.54% and a negative return on equity of 45.42%. The firm had revenue of $0.22 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.