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

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 255,200 shares, a decrease of 24.4% from the January 31st total of 337,400 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily volume of 213,500 shares, the short-interest ratio is currently 1.2 days.

Fresh Vine Wine Trading Up 3.0 %

NYSEAMERICAN VINE traded up $0.02 during trading hours on Wednesday, hitting $0.51. The company had a trading volume of 45,949 shares, compared to its average volume of 199,154. The firm has a 50 day moving average of $0.64. The stock has a market cap of $8.15 million, a P/E 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.

Institutional Investors Weigh In On Fresh Vine Wine

A hedge fund recently raised its stake in Fresh Vine Wine stock. Two Sigma Securities LLC lifted its stake in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) by 473.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,325 shares of the company’s stock after purchasing an additional 63,831 shares during the quarter. Two Sigma Securities LLC owned about 0.48% of Fresh Vine Wine worth $45,000 at the end of the most recent quarter. Institutional investors own 23.00% of the company’s stock.

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.