Short Interest in Vintage Wine Estates, Inc. (NASDAQ:VWE) Decreases By 18.1%

Vintage Wine Estates, Inc. (NASDAQ:VWE) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 284,300 shares, a decline of 18.1% from the May 31st total of 347,300 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 317,000 shares, the days-to-cover ratio is currently 0.9 days.

Vintage Wine Estates Price Performance

Shares of NASDAQ VWE opened at $0.14 on Friday. Vintage Wine Estates has a 1 year low of $0.13 and a 1 year high of $1.14. The company’s 50-day moving average is $0.25 and its 200 day moving average is $0.37. The stock has a market capitalization of $8.74 million, a P/E ratio of -0.06 and a beta of 1.63.

Vintage Wine Estates (NASDAQ:VWE) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.44) earnings per share (EPS) for the quarter. Vintage Wine Estates had a negative net margin of 55.58% and a negative return on equity of 72.38%. The company had revenue of $45.67 million for the quarter.

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.