Short Interest in PSQ Holdings, Inc. (NYSE:PSQH) Declines By 15.5%

PSQ Holdings, Inc. (NYSE:PSQH) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,237,614 shares, a drop of 15.5% from the February 12th total of 5,015,249 shares. Based on an average trading volume of 359,179 shares, the short-interest ratio is presently 11.8 days. Approximately 13.5% of the company’s shares are short sold. Approximately 13.5% of the company’s shares are short sold. Based on an average trading volume of 359,179 shares, the short-interest ratio is presently 11.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.50.

PSQ Stock Up 1.6%

NYSE PSQH traded up $0.01 on Monday, reaching $0.64. The company had a trading volume of 87,061 shares, compared to its average volume of 1,599,628. PSQ has a 1 year low of $0.59 and a 1 year high of $2.88. The firm has a market capitalization of $29.59 million, a PE ratio of -0.53 and a beta of 0.08. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a 50-day moving average of $0.84 and a 200-day moving average of $1.40.

Institutional Investors Weigh In On PSQ

Several hedge funds and other institutional investors have recently bought and sold shares of PSQH. SBI Securities Co. Ltd. boosted its stake in shares of PSQ by 83.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 12,390 shares of the company’s stock valued at $25,000 after buying an additional 5,631 shares during the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of PSQ in the second quarter worth $27,000. Centiva Capital LP acquired a new stake in PSQ in the third quarter valued at $34,000. Shay Capital LLC raised its holdings in PSQ by 46.1% in the second quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock valued at $58,000 after acquiring an additional 9,001 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in PSQ by 1,463.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock valued at $32,000 after acquiring an additional 29,010 shares during the last quarter. 17.32% of the stock is currently owned by hedge funds and other institutional investors.

About PSQ

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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.