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

PSQ Holdings, Inc. (NYSE:PSQH) was the target of a significant 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 shares of the stock are sold short. Based on an average trading volume of 4,530,000 shares, the days-to-cover ratio is presently 0.4 days.

PSQ Trading Down 5.9 %

Shares of PSQH traded down $0.23 during mid-day trading on Monday, reaching $3.63. 1,334,513 shares of the company were exchanged, compared to its average volume of 1,270,018. The business has a 50 day simple moving average of $4.13 and a two-hundred day simple moving average of $3.21. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90. PSQ has a 52 week low of $2.00 and a 52 week high of $7.77. The stock has a market capitalization of $126.28 million, a PE ratio of -2.88 and a beta of -0.29.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PSQH. Oxinas Partners Wealth Management LLC acquired a new position in PSQ in the fourth quarter valued at approximately $82,000. Leavell Investment Management Inc. acquired a new position in PSQ during the 4th quarter worth approximately $189,000. Calton & Associates Inc. bought a new position in shares of PSQ in the 4th quarter worth $200,000. Northern Trust Corp grew its holdings in shares of PSQ by 135.9% during the fourth quarter. Northern Trust Corp now owns 64,759 shares of the company’s stock valued at $294,000 after buying an additional 37,306 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new position in PSQ during the 4th quarter valued at about $367,000. 17.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Roth Mkm lowered their price target on PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, November 14th. Maxim Group assumed coverage on shares of PSQ in a research report on Wednesday, January 15th. They set a “buy” rating and a $8.00 price objective for the company.

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.