Short Interest in Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) Declines By 22.6%

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) saw a large drop in short interest during 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. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 188,200 shares, the days-to-cover ratio is presently 1.0 days.

Fresh Vine Wine Stock Down 1.6 %

Shares of NYSEAMERICAN VINE traded down $0.01 during mid-day trading on Monday, reaching $0.50. 141,662 shares of the company were exchanged, compared to its average volume of 253,269. The company’s 50-day simple moving average is $0.63 and its 200-day simple moving average is $0.63. The stock has a market capitalization of $8.01 million, a P/E ratio of -1.79 and a beta of 2.15. Fresh Vine Wine has a twelve month low of $0.25 and a twelve month high of $1.25.

Institutional Trading of Fresh Vine Wine

An institutional investor recently raised its position in Fresh Vine Wine stock. Two Sigma Securities LLC increased its holdings in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) by 473.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,325 shares of the company’s stock after acquiring an additional 63,831 shares during the quarter. Two Sigma Securities LLC owned about 0.48% of Fresh Vine Wine worth $45,000 as of its most recent filing with the SEC. 23.00% of the stock is currently owned by institutional investors.

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.