Vintage Wine Estates, Inc. (NASDAQ:VWE) Short Interest Down 41.3% in March

Vintage Wine Estates, Inc. (NASDAQ:VWE) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 239,100 shares, a decrease of 41.3% from the February 29th total of 407,500 shares. Based on an average trading volume of 205,600 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VWE. ArrowMark Colorado Holdings LLC increased its position in shares of Vintage Wine Estates by 100.6% during the first quarter. ArrowMark Colorado Holdings LLC now owns 1,096,846 shares of the company’s stock valued at $1,174,000 after buying an additional 550,000 shares during the period. State Street Corp increased its holdings in Vintage Wine Estates by 238.0% during the 2nd quarter. State Street Corp now owns 363,333 shares of the company’s stock worth $2,856,000 after acquiring an additional 255,832 shares during the period. Northern Trust Corp lifted its stake in Vintage Wine Estates by 413.5% in the 2nd quarter. Northern Trust Corp now owns 276,047 shares of the company’s stock worth $2,169,000 after purchasing an additional 222,293 shares in the last quarter. Morgan Stanley boosted its holdings in Vintage Wine Estates by 102.2% in the 4th quarter. Morgan Stanley now owns 314,615 shares of the company’s stock valued at $1,026,000 after purchasing an additional 159,039 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of Vintage Wine Estates by 22.3% during the 3rd quarter. GSA Capital Partners LLP now owns 792,767 shares of the company’s stock valued at $451,000 after purchasing an additional 144,412 shares in the last quarter. 69.82% of the stock is currently owned by hedge funds and other institutional investors.

Vintage Wine Estates Price Performance

Shares of NASDAQ:VWE opened at $0.36 on Friday. The firm has a market capitalization of $22.59 million, a PE ratio of -0.17 and a beta of 1.18. The company has a 50-day moving average price of $0.45 and a two-hundred day moving average price of $0.53. Vintage Wine Estates has a twelve month low of $0.35 and a twelve month high of $1.46.

Vintage Wine Estates Company Profile

Vintage Wine Estates, Inc produces and sells wines and spirits in the United States, Canada, and internationally. The company offers its products under the brands Bar Dog, B.R. Cohn, Cameron Hughes, Cherry Pie, Firesteed, Kunde, and others. It also owns and operates hospitality facilities; and provides bottling, fulfillment, and storage services to other companies on a contract basis.