Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) Sees Large Drop in Short Interest

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 255,200 shares, a drop of 24.4% from the January 31st total of 337,400 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average daily volume of 213,500 shares, the short-interest ratio is presently 1.2 days.

Fresh Vine Wine Trading Down 9.0 %

VINE stock opened at $0.50 on Tuesday. Fresh Vine Wine has a 12 month low of $0.25 and a 12 month high of $1.25. The stock has a market capitalization of $7.99 million, a P/E ratio of -1.79 and a beta of 2.15.

Hedge Funds Weigh In On Fresh Vine Wine

A hedge fund recently raised its stake in Fresh Vine Wine stock. Geode Capital Management LLC increased its position in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,719 shares of the company’s stock after buying an additional 18,656 shares during the period. Geode Capital Management LLC owned about 0.61% of Fresh Vine Wine worth $57,000 at the end of the most recent quarter. 23.00% of the stock is currently owned by hedge funds and other institutional investors.

Fresh Vine Wine Company Profile

Fresh Vine Wine, Inc produces and sells low-carb and low-calorie wines in the United States and Puerto Rico. Its wine varietals include Cabernet Sauvignon, Chardonnay, Pinot Noir, Rosé, Sauvignon Blanc, Sparkling Rosé, and Reserve Napa Cabernet Sauvignon. The company sells its products through wholesale, retail, and direct-to-consumer channels.