Short Interest in LQR House Inc. (NASDAQ:YHC) Decreases By 31.5%

LQR House Inc. (NASDAQ:YHC) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 347,713 shares, a decrease of 31.5% from the January 15th total of 507,765 shares. Based on an average trading volume of 125,163 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.7% of the company’s shares are short sold. Approximately 2.7% of the company’s shares are short sold. Based on an average trading volume of 125,163 shares, the days-to-cover ratio is currently 2.8 days.

Insider Activity

In other news, President Yilin Lu bought 2,000,000 shares of the stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average price of $0.90 per share, for a total transaction of $1,800,000.00. Following the acquisition, the president owned 2,000,537 shares of the company’s stock, valued at $1,800,483.30. The trade was a 372,439.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 9.37% of the company’s stock.

Hedge Funds Weigh In On LQR House

A hedge fund recently bought a new stake in LQR House stock. Geode Capital Management LLC purchased a new position in shares of LQR House Inc. (NASDAQ:YHC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,130 shares of the company’s stock, valued at approximately $27,000. Geode Capital Management LLC owned 0.21% of LQR House at the end of the most recent reporting period.

LQR House Stock Down 2.3%

NASDAQ:YHC opened at $0.89 on Friday. The company has a market capitalization of $12.57 million, a PE ratio of -0.01 and a beta of 4.38. LQR House has a 52-week low of $0.68 and a 52-week high of $98.00. The stock’s 50 day moving average price is $0.92 and its 200 day moving average price is $0.91.

Analyst Ratings Changes

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