LQR House Inc. (NASDAQ:YHC) Short Interest Update

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

Wall Street Analyst Weigh In

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

LQR House Stock Up 2.7%

LQR House stock opened at $0.66 on Friday. The company has a fifty day simple moving average of $0.90 and a 200-day simple moving average of $0.88. The firm has a market capitalization of $9.36 million, a price-to-earnings ratio of -0.01 and a beta of 4.25. LQR House has a 52-week low of $0.53 and a 52-week high of $98.00.

Insider Buying and Selling

In other news, President Yilin Lu purchased 2,000,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average cost of $0.90 per share, with a total value of $1,800,000.00. Following the completion of the acquisition, the president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LQR House stock. Geode Capital Management LLC purchased a new stake in LQR House Inc. (NASDAQ:YHC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,130 shares of the company’s stock, valued at approximately $27,000. Geode Capital Management LLC owned approximately 0.21% of LQR House at the end of the most recent reporting period.

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.