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

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 255,200 shares, a decline of 24.4% from the January 31st total of 337,400 shares. Based on an average daily trading volume, of 213,500 shares, the short-interest ratio is presently 1.2 days. Approximately 2.4% of the shares of the stock are short sold.

Fresh Vine Wine Trading Up 3.0 %

VINE stock opened at $0.51 on Thursday. Fresh Vine Wine has a one year low of $0.25 and a one year high of $1.25. The stock has a market cap of $8.15 million, a PE ratio of -1.82 and a beta of 2.15. The business has a 50 day moving average of $0.64.

Hedge Funds Weigh In On Fresh Vine Wine

A hedge fund recently raised its stake in Fresh Vine Wine stock. Two Sigma Securities LLC boosted its position in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) by 473.0% in the fourth 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 as of its most recent filing with the Securities & Exchange Commission. 23.00% of the stock is owned by institutional investors.

About Fresh Vine Wine

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.