Short Interest in Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) Declines By 22.9%

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 41,300 shares, a decline of 22.9% from the March 31st total of 53,600 shares. Based on an average daily trading volume, of 86,300 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Fresh Vine Wine Stock Up 5.2 %

Shares of NYSEAMERICAN:VINE traded up $0.03 on Friday, reaching $0.61. 36,981 shares of the company were exchanged, compared to its average volume of 54,777. Fresh Vine Wine has a 1-year low of $0.21 and a 1-year high of $1.06. The stock has a market cap of $9.75 million, a PE ratio of -0.91 and a beta of 2.05.

Fresh Vine Wine (NYSEAMERICAN:VINE) last posted its quarterly earnings results on Friday, March 8th. The company reported ($0.12) earnings per share for the quarter. Fresh Vine Wine had a negative return on equity of 471.15% and a negative net margin of 581.01%. The company had revenue of $0.24 million for the quarter.

Hedge Funds Weigh In On Fresh Vine Wine

An institutional investor recently bought a new position in Fresh Vine Wine stock. Brookstone Capital Management acquired a new position in Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 53,390 shares of the company’s stock, valued at approximately $49,000. Brookstone Capital Management owned approximately 0.33% of Fresh Vine Wine as of its most recent SEC filing. 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.