PSQ Holdings, Inc. (NYSE:PSQH) Short Interest Down 17.2% in April

PSQ Holdings, Inc. (NYSE:PSQH) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 3,436,285 shares, a drop of 17.2% from the March 31st total of 4,147,958 shares. Based on an average trading volume of 374,563 shares, the days-to-cover ratio is presently 9.2 days. Currently, 9.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PSQH shares. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a research report on Tuesday, April 21st. Wall Street Zen raised shares of PSQ from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PSQ presently has a consensus rating of “Hold” and a consensus target price of $3.50.

PSQ Trading Up 11.1%

NYSE:PSQH traded up $0.07 during trading hours on Friday, reaching $0.75. 244,067 shares of the company were exchanged, compared to its average volume of 322,412. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a market cap of $36.53 million, a price-to-earnings ratio of -0.95 and a beta of 0.38. PSQ has a 52-week low of $0.48 and a 52-week high of $2.84. The stock has a 50 day simple moving average of $0.63 and a 200 day simple moving average of $1.09.

Hedge Funds Weigh In On PSQ

A number of large investors have recently bought and sold shares of the stock. Marshall Wace LLP raised its stake in shares of PSQ by 15.6% in the 4th quarter. Marshall Wace LLP now owns 716,901 shares of the company’s stock valued at $738,000 after acquiring an additional 96,858 shares during the period. Geode Capital Management LLC raised its stake in shares of PSQ by 13.0% in the 2nd quarter. Geode Capital Management LLC now owns 333,355 shares of the company’s stock valued at $683,000 after acquiring an additional 38,391 shares during the period. Corient Private Wealth LLC raised its stake in shares of PSQ by 143.5% in the 4th quarter. Corient Private Wealth LLC now owns 126,627 shares of the company’s stock valued at $130,000 after acquiring an additional 74,627 shares during the period. XTX Topco Ltd raised its stake in shares of PSQ by 44.5% in the 2nd quarter. XTX Topco Ltd now owns 61,609 shares of the company’s stock valued at $126,000 after acquiring an additional 18,969 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in shares of PSQ by 45.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock valued at $61,000 after acquiring an additional 10,000 shares during the period. Hedge funds and other institutional investors own 17.32% of the company’s stock.

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