LQR House Inc. (NASDAQ:YHC) Short Interest Down 38.7% in February

LQR House Inc. (NASDAQ:YHC) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 208,972 shares, a drop of 38.7% from the February 12th total of 340,820 shares. Based on an average daily volume of 175,674 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.6% of the shares of the company are short sold. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 175,674 shares, the days-to-cover ratio is presently 1.2 days.

Insider Activity

In other news, President Yilin Lu bought 2,000,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the president directly owned 2,000,537 shares of the company’s stock, valued at $1,800,483.30. This trade represents a 372,439.48% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LQR House stock. XTX Topco Ltd purchased a new stake in LQR House Inc. (NASDAQ:YHC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 74,758 shares of the company’s stock, valued at approximately $67,000. XTX Topco Ltd owned 0.53% of LQR House as of its most recent filing with the SEC.

LQR House Trading Down 24.9%

Shares of YHC stock opened at $0.65 on Friday. LQR House has a 12-month low of $0.53 and a 12-month high of $98.00. The business’s 50 day moving average is $0.91 and its two-hundred day moving average is $0.88. The company has a market capitalization of $9.12 million, a P/E ratio of -0.01 and a beta of 4.25.

Analysts Set New Price Targets

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

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.