LQR House Inc. (NASDAQ:YHC) Short Interest Down 13.5% in January

LQR House Inc. (NASDAQ:YHC) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 507,765 shares, a decline of 13.5% from the December 31st total of 586,939 shares. Approximately 3.6% of the shares of the stock are sold short. Based on an average trading volume of 386,231 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 386,231 shares, the short-interest ratio is presently 1.3 days. Approximately 3.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Insider Transactions at LQR House

In related news, President Yilin Lu purchased 2,000,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $0.90 per share, for a total transaction of $1,800,000.00. Following the purchase, the president directly owned 2,000,537 shares in the company, valued at $1,800,483.30. This trade represents a 372,439.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.37% of the company’s stock.

LQR House Stock Performance

Shares of LQR House stock opened at $0.87 on Tuesday. The stock has a market cap of $12.32 million, a price-to-earnings ratio of -0.01 and a beta of 4.38. The stock has a 50 day moving average price of $0.92 and a 200-day moving average price of $0.96. LQR House has a one year low of $0.68 and a one year high of $98.00.

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.