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

LQR House Inc. (NASDAQ:YHC) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 110,877 shares, a decline of 50.7% from the May 14th total of 224,995 shares. Based on an average daily volume of 187,138 shares, the short-interest ratio is presently 0.6 days. Approximately 0.9% of the shares of the company are sold short.

Hedge Funds Weigh In On LQR House

An institutional investor recently bought a new position in LQR House stock. XTX Topco Ltd acquired a new position in shares of LQR House Inc. (NASDAQ:YHC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 filing with the Securities & Exchange Commission.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LQR House in a research report on Monday, April 20th. One research 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 Trading Down 6.1%

Shares of YHC opened at $0.76 on Friday. The firm has a market cap of $10.73 million, a PE ratio of -0.51 and a beta of 2.78. LQR House has a 12-month low of $0.50 and a 12-month high of $11.14. The company’s 50 day simple moving average is $0.89 and its 200-day simple moving average is $0.90.

LQR House (NASDAQ:YHC) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.04) EPS for the quarter. LQR House had a negative return on equity of 45.42% and a negative net margin of 1,769.54%.The company had revenue of $0.22 million for the quarter.

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.