LQR House Inc. (NASDAQ:YHC) Sees Large Decrease in Short Interest

LQR House Inc. (NASDAQ:YHC) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 28,074 shares, a drop of 42.2% from the August 15th total of 48,577 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 94,538 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on YHC shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of LQR House in a research note on Friday, July 17th. Wall Street Zen upgraded LQR House from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, LQR House has a consensus rating of “Sell”.

LQR House Trading Down 6.5%

Shares of YHC opened at $1.29 on Wednesday. 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 firm has a market cap of $1.68 million, a price-to-earnings ratio of -0.05 and a beta of 3.37. The firm has a 50 day moving average price of $1.79 and a 200-day moving average price of $54.75. LQR House has a fifty-two week low of $1.27 and a fifty-two week high of $119.00.

LQR House (NASDAQ:YHC) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $12.54 EPS for the quarter. The company 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%.

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.