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

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

Fresh Vine Wine Stock Up 2.0 %

Fresh Vine Wine stock traded up $0.01 during mid-day trading on Tuesday, hitting $0.51. The company had a trading volume of 167,932 shares, compared to its average volume of 273,494. The stock has a market cap of $8.15 million, a price-to-earnings ratio of -1.82 and a beta of 2.15. Fresh Vine Wine has a 1 year low of $0.25 and a 1 year high of $1.25. The business has a fifty day moving average of $0.63 and a 200 day moving average of $0.63.

Hedge Funds Weigh In On Fresh Vine Wine

An institutional investor recently raised its position in Fresh Vine Wine stock. Geode Capital Management LLC lifted its holdings in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,719 shares of the company’s stock after acquiring an additional 18,656 shares during the period. Geode Capital Management LLC owned 0.61% of Fresh Vine Wine worth $57,000 at the end of the most recent reporting period. Institutional investors 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.