Vintage Wine Estates, Inc. (NASDAQ:VWE) Sees Large Growth in Short Interest

Vintage Wine Estates, Inc. (NASDAQ:VWE) was the recipient 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. Based on an average daily trading volume, of 164,600 shares, the short-interest ratio is currently 2.0 days. Currently, 1.1% of the company’s stock are short sold.

Vintage Wine Estates Trading Down 16.7 %

NASDAQ:VWE opened at $0.20 on Friday. Vintage Wine Estates has a 12-month low of $0.20 and a 12-month high of $1.45. The firm has a market cap of $12.55 million, a PE ratio of -0.10 and a beta of 1.13. The stock has a fifty day moving average price of $0.37 and a 200 day moving average price of $0.48.

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

Institutional Investors Weigh In On Vintage Wine Estates

A hedge fund recently raised its stake in Vintage Wine Estates stock. EMC Capital Management boosted its holdings in Vintage Wine Estates, Inc. (NASDAQ:VWE) by 1,499.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,821 shares of the company’s stock after buying an additional 54,206 shares during the quarter. EMC Capital Management owned approximately 0.10% of Vintage Wine Estates worth $33,000 at the end of the most recent quarter. 69.82% of the stock is currently owned by institutional investors and hedge funds.

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.