Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) Short Interest Down 24.4% in February

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) was the recipient of a significant drop in short interest in 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. Based on an average daily volume of 213,500 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.4% of the shares of the stock are sold short.

Fresh Vine Wine Price Performance

Shares of NYSEAMERICAN:VINE opened at $0.50 on Tuesday. Fresh Vine Wine has a 52 week low of $0.25 and a 52 week high of $1.25. The firm has a market capitalization of $7.99 million, a price-to-earnings ratio of -1.79 and a beta of 2.15.

Institutional Trading of Fresh Vine Wine

An institutional investor recently raised its position in Fresh Vine Wine stock. Two Sigma Securities LLC boosted its position in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) by 473.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,325 shares of the company’s stock after purchasing an additional 63,831 shares during the period. Two Sigma Securities LLC owned about 0.48% of Fresh Vine Wine worth $45,000 as of its most recent SEC filing. Institutional investors and hedge funds own 23.00% of the company’s stock.

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.