Vintage Wine Estates, Inc. (NASDAQ:VWE – Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 327,400 shares, a growth of 26.7% from the March 31st total of 258,500 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 164,600 shares, the days-to-cover ratio is presently 2.0 days.
Institutional Investors Weigh In On Vintage Wine Estates
An institutional investor recently raised its position in Vintage Wine Estates stock. EMC Capital Management lifted its position in shares of Vintage Wine Estates, Inc. (NASDAQ:VWE – Free Report) by 1,499.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,821 shares of the company’s stock after purchasing an additional 54,206 shares during the period. EMC Capital Management owned 0.10% of Vintage Wine Estates worth $33,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 69.82% of the company’s stock.
Vintage Wine Estates Price Performance
Shares of Vintage Wine Estates stock opened at $0.20 on Monday. The business has a fifty day simple moving average of $0.37 and a two-hundred day simple moving average of $0.47. Vintage Wine Estates has a 1 year low of $0.20 and a 1 year high of $1.45. The company has a market capitalization of $12.55 million, a price-to-earnings ratio of -0.10 and a beta of 1.13.
About Vintage Wine Estates
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.
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