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

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 197,600 shares, a drop of 22.6% from the February 13th total of 255,200 shares. Based on an average daily volume of 188,200 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.7% of the shares of the company are short sold.

Institutional Investors Weigh In On Fresh Vine Wine

An institutional investor recently raised its position in Fresh Vine Wine stock. Two Sigma Securities LLC lifted its position in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) by 473.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,325 shares of the company’s stock after buying an additional 63,831 shares during the quarter. Two Sigma Securities LLC owned approximately 0.48% of Fresh Vine Wine worth $45,000 at the end of the most recent quarter. 23.00% of the stock is owned by institutional investors and hedge funds.

Fresh Vine Wine Stock Performance

Fresh Vine Wine stock traded up $0.01 during midday trading on Tuesday, reaching $0.51. The company’s stock had a trading volume of 167,932 shares, compared to its average volume of 273,494. Fresh Vine Wine has a fifty-two week low of $0.25 and a fifty-two week high of $1.25. The stock’s 50 day simple moving average is $0.63 and its 200 day simple moving average is $0.63. The firm has a market capitalization of $8.15 million, a PE ratio of -1.82 and a beta of 2.15.

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.