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

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 197,600 shares, a decline of 22.6% from the February 13th total of 255,200 shares. Based on an average trading volume of 188,200 shares, the short-interest ratio is currently 1.0 days. Approximately 1.7% of the shares of the stock are short sold.

Fresh Vine Wine Trading Down 1.6 %

VINE stock traded down $0.01 during trading on Monday, hitting $0.50. 141,662 shares of the stock traded hands, compared to its average volume of 253,269. 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 $8.01 million, a price-to-earnings ratio of -1.79 and a beta of 2.15. The company has a 50 day simple moving average of $0.63 and a 200 day simple moving average of $0.63.

Hedge Funds Weigh In On Fresh Vine Wine

A hedge fund recently raised its stake in Fresh Vine Wine stock. Two Sigma Securities LLC increased its holdings in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) by 473.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,325 shares of the company’s stock after buying an additional 63,831 shares during the period. Two Sigma Securities LLC owned 0.48% of Fresh Vine Wine worth $45,000 at the end of the most recent quarter. 23.00% of the stock is currently 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.