LQR House Inc. (NASDAQ:YHC) Short Interest Down 31.5% in January

LQR House Inc. (NASDAQ:YHC) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 347,713 shares, a decline of 31.5% from the January 15th total of 507,765 shares. Based on an average daily trading volume, of 125,163 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.7% of the shares of the stock are sold short. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 125,163 shares, the days-to-cover ratio is currently 2.8 days.

Insider Activity at LQR House

In other LQR House news, President Yilin Lu acquired 2,000,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average price of $0.90 per share, with a total value of $1,800,000.00. Following the completion of the purchase, the president directly owned 2,000,537 shares in the company, valued at approximately $1,800,483.30. The trade was a 372,439.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LQR House stock. Geode Capital Management LLC acquired a new stake in shares of LQR House Inc. (NASDAQ:YHC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LQR House in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, LQR House currently has a consensus rating of “Sell”.

LQR House Trading Down 2.3%

YHC opened at $0.89 on Friday. The company has a market capitalization of $12.57 million, a price-to-earnings ratio of -0.01 and a beta of 4.38. The business’s fifty day simple moving average is $0.92 and its 200-day simple moving average is $0.91. LQR House has a 12-month low of $0.68 and a 12-month high of $98.00.

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.