Gaucho Group Holdings, Inc. (NASDAQ:VINO) Short Interest Update

Gaucho Group Holdings, Inc. (NASDAQ:VINO) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 249,600 shares, an increase of 372.7% from the February 29th total of 52,800 shares. Based on an average trading volume of 103,100 shares, the days-to-cover ratio is currently 2.4 days. Approximately 4.0% of the company’s stock are sold short.

Gaucho Group Stock Performance

NASDAQ:VINO opened at $0.48 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 0.26. The stock’s 50-day simple moving average is $0.50 and its 200 day simple moving average is $0.86. Gaucho Group has a 52-week low of $0.39 and a 52-week high of $16.00.

Institutional Trading of Gaucho Group

A hedge fund recently raised its stake in Gaucho Group stock. Citadel Advisors LLC increased its holdings in shares of Gaucho Group Holdings, Inc. (NASDAQ:VINO) by 256.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 315,338 shares of the company’s stock after purchasing an additional 226,831 shares during the period. Citadel Advisors LLC owned 11.47% of Gaucho Group worth $71,000 as of its most recent filing with the SEC. 31.19% of the stock is currently owned by hedge funds and other institutional investors.

About Gaucho Group

Gaucho Group Holdings, Inc, through its subsidiaries, invests in, develops, and operates real estate projects in Argentina. The company owns and operates boutique hotel, hospitality, and luxury vineyard property market; a resort and winery property, 9-hole golf course, tennis courts, dining, and a hotel.