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

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) was the recipient of a significant drop in short interest in 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. Based on an average trading volume of 188,200 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.7% of the shares of the stock are short sold.

Fresh Vine Wine Stock Down 2.0 %

Shares of Fresh Vine Wine stock traded down $0.01 on Wednesday, hitting $0.50. The stock had a trading volume of 50,062 shares, compared to its average volume of 273,545. 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 $7.99 million, a price-to-earnings ratio of -1.79 and a beta of 2.15. The stock’s 50-day simple moving average is $0.63 and its two-hundred day simple moving average is $0.63.

Institutional Inflows and Outflows

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