LQR House Inc. (NASDAQ:YHC) Short Interest Down 67.9% in August

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

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen raised 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, LQR House presently has an average rating of “Sell”.

LQR House Price Performance

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

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

Institutional Trading of LQR House

A hedge fund recently bought a new position in LQR House stock. Geode Capital Management LLC purchased a new stake in shares of LQR House Inc. (NASDAQ:YHC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,130 shares of the company’s stock, valued at approximately $27,000. Geode Capital Management LLC owned 0.21% of LQR House as of its most recent filing with the Securities and Exchange Commission (SEC).

LQR House Company Profile

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.