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

LQR House Inc. (NASDAQ:YHC) was the recipient of a large decline in short interest in 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. Based on an average daily volume of 386,231 shares, the short-interest ratio is presently 1.3 days. Currently, 3.6% of the company’s shares are short sold. Currently, 3.6% of the company’s shares are short sold. Based on an average daily volume of 386,231 shares, the short-interest ratio is presently 1.3 days.

Insider Buying and Selling

In other news, President Yilin Lu acquired 2,000,000 shares of LQR House stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average cost of $0.90 per share, with a total value of $1,800,000.00. Following the transaction, 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 acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 9.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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

LQR House Price Performance

YHC stock opened at $0.87 on Tuesday. The company has a market capitalization of $12.32 million, a PE ratio of -0.01 and a beta of 4.38. LQR House has a 12 month low of $0.68 and a 12 month high of $98.00. The firm’s 50-day moving average is $0.92 and its 200 day moving average is $0.96.

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.