Short Interest in Vintage Wine Estates, Inc. (NASDAQ:VWE) Increases By 26.7%

Posted by Amy Steele on Apr 30th, 2024

Vintage Wine Estates, Inc. (NASDAQ:VWE – Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 327,400 shares, an increase of 26.7% from the March 31st total of 258,500 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 164,600 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Vintage Wine Estates stock. U.S. Capital Wealth Advisors LLC bought a new position in shares of Vintage Wine Estates, Inc. (NASDAQ:VWE – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 66,949 shares of the company’s stock, valued at approximately $38,000. U.S. Capital Wealth Advisors LLC owned 0.11% of Vintage Wine Estates at the end of the most recent quarter. Hedge funds and other institutional investors own 69.82% of the company’s stock.

Vintage Wine Estates Trading Up 3.2 %

NASDAQ:VWE opened at $0.21 on Tuesday. The firm has a market capitalization of $12.95 million, a PE ratio of -0.10 and a beta of 1.13. Vintage Wine Estates has a 1 year low of $0.20 and a 1 year high of $1.45. The firm’s fifty day simple moving average is $0.37 and its 200 day simple moving average is $0.47.

Vintage Wine Estates (NASDAQ:VWE – Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.75) earnings per share (EPS) for the quarter. The business had revenue of $67.99 million during the quarter. Vintage Wine Estates had a negative net margin of 44.87% and a negative return on equity of 47.99%.

About Vintage Wine Estates

(Get Free Report)

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.