Vintage Wine Estates, Inc. (NASDAQ:VWE) Sees Large Drop in Short Interest

Vintage Wine Estates, Inc. (NASDAQ:VWE) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 284,300 shares, a decline of 18.1% from the May 31st total of 347,300 shares. Based on an average daily trading volume, of 317,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company’s shares are sold short.

Vintage Wine Estates Stock Performance

NASDAQ:VWE opened at $0.14 on Monday. The company has a market capitalization of $8.74 million, a PE ratio of -0.06 and a beta of 1.63. Vintage Wine Estates has a fifty-two week low of $0.13 and a fifty-two week high of $1.14. The company has a 50 day simple moving average of $0.25 and a two-hundred day simple moving average of $0.37.

Vintage Wine Estates (NASDAQ:VWE) last announced its earnings results on Wednesday, May 15th. The company reported ($0.44) earnings per share for the quarter. Vintage Wine Estates had a negative return on equity of 72.38% and a negative net margin of 55.58%. The firm had revenue of $45.67 million for the quarter.

Vintage Wine Estates Company Profile

Vintage Wine Estates, Inc produces and sells wines and spirits in the United States, Canada, and internationally. The company offers its products under the brands Bar Dog, B.R. Cohn, Cameron Hughes, Cherry Pie, Firesteed, Kunde, and others. It also owns and operates hospitality facilities; and provides bottling, fulfillment, and storage services to other companies on a contract basis.