Short Interest in LQR House Inc. (NASDAQ:YHC) Decreases By 95.0%

LQR House Inc. (NASDAQ:YHC) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 27,171 shares, a drop of 95.0% from the June 30th total of 539,264 shares. Based on an average daily volume of 1,299,380 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.1% of the company’s shares are sold short.

Institutional Trading of LQR House

An institutional investor recently bought a new position in LQR House stock. XTX Topco Ltd bought a new position in shares of LQR House Inc. (NASDAQ:YHC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 74,758 shares of the company’s stock, valued at approximately $67,000. XTX Topco Ltd owned about 0.53% of LQR House as of its most recent SEC filing.

LQR House Stock Down 2.7%

Shares of YHC stock traded down $0.05 during trading hours on Friday, hitting $1.78. 105,254 shares of the company’s stock traded hands, compared to its average volume of 965,203. The stock’s 50 day simple moving average is $54.92 and its 200 day simple moving average is $78.55. The stock has a market cap of $1.74 million, a PE ratio of -0.01 and a beta of 3.20. LQR House has a 12 month low of $1.61 and a 12 month high of $190.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LQR House in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, LQR House currently has an average rating of “Sell”.

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.