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. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 86,300 shares, the short-interest ratio is currently 0.5 days.

Fresh Vine Wine Price Performance

Fresh Vine Wine stock traded up $0.03 during trading hours on Friday, hitting $0.61. The company had a trading volume of 36,981 shares, compared to its average volume of 54,777. The stock has a market cap of $9.75 million, a price-to-earnings ratio of -0.91 and a beta of 2.05. Fresh Vine Wine has a 1 year low of $0.21 and a 1 year high of $1.06.

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

Institutional Investors Weigh In On Fresh Vine Wine

An institutional investor recently bought a new position in Fresh Vine Wine stock. Brookstone Capital Management bought a new stake in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 53,390 shares of the company’s stock, valued at approximately $49,000. Brookstone Capital Management owned about 0.33% of Fresh Vine Wine as of its most recent SEC filing. Hedge funds and other institutional investors own 23.00% of the company’s stock.

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.