Short Interest in Venu Holding Corporation (NYSEAMERICAN:VENU) Increases By 28.2%

Venu Holding Corporation (NYSEAMERICAN:VENU) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,309,327 shares, an increase of 28.2% from the January 15th total of 1,020,955 shares. Currently, 4.6% of the shares of the stock are sold short. Based on an average daily volume of 494,111 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 494,111 shares, the short-interest ratio is presently 2.6 days. Currently, 4.6% of the shares of the stock are sold short.

Venu Stock Performance

NYSEAMERICAN VENU traded up $0.16 on Monday, hitting $5.35. 69,040 shares of the company traded hands, compared to its average volume of 321,669. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average price is $7.92 and its 200-day moving average price is $11.06. The company has a market capitalization of $229.25 million, a price-to-earnings ratio of -4.42 and a beta of 3.34. Venu has a 52-week low of $5.02 and a 52-week high of $18.17.

Venu (NYSEAMERICAN:VENU) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.06. Venu had a negative return on equity of 26.71% and a negative net margin of 238.68%.The company had revenue of $5.38 million during the quarter, compared to the consensus estimate of $7.43 million.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Venu to a “hold” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $15.00.

Insider Buying and Selling

In related news, CEO Jay W. Roth purchased 5,000 shares of the stock in a transaction dated Friday, January 30th. The stock was bought at an average cost of $5.55 per share, for a total transaction of $27,750.00. Following the completion of the acquisition, the chief executive officer owned 9,249,644 shares of the company’s stock, valued at approximately $51,335,524.20. This represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas M. Finke bought 4,361 shares of the stock in a transaction on Tuesday, December 30th. The stock was purchased at an average cost of $7.80 per share, with a total value of $34,015.80. Following the acquisition, the director owned 29,961 shares in the company, valued at approximately $233,695.80. This represents a 17.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 10,246 shares of company stock worth $68,979 in the last 90 days. Company insiders own 34.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Venu by 199.8% in the third quarter. EverSource Wealth Advisors LLC now owns 3,001 shares of the company’s stock worth $38,000 after acquiring an additional 2,000 shares during the period. Cypress Capital Management LLC WY boosted its stake in Venu by 16.3% in the 4th quarter. Cypress Capital Management LLC WY now owns 14,280 shares of the company’s stock worth $120,000 after purchasing an additional 2,000 shares during the period. Raymond James Financial Inc. purchased a new stake in Venu during the 2nd quarter valued at approximately $33,000. North Capital Inc. raised its position in shares of Venu by 23.7% during the second quarter. North Capital Inc. now owns 15,031 shares of the company’s stock valued at $177,000 after buying an additional 2,879 shares during the last quarter. Finally, Cypress Capital Management LLC WY lifted its holdings in shares of Venu by 32.3% in the third quarter. Cypress Capital Management LLC WY now owns 12,280 shares of the company’s stock worth $157,000 after buying an additional 3,000 shares in the last quarter.

About Venu

Venu Holding Corporation is a premier hospitality and live music company dedicated to crafting luxury, experience-driven entertainment destinations. Venu Holding Corporation is based in COLORADO SPRINGS, Colo.