Peering Into Fresh Vine Wine's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fresh Vine Wine (NYSE:VINE) has seen its short interest rise by 11.22%, with 156,000 shares sold short, representing 1.09% of its float. This increase in short interest suggests a bearish sentiment among investors, although it remains below the peer group average of 8.66%.
August 22, 2024 | 3:00 pm
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Fresh Vine Wine's short interest has increased by 11.22%, with 156,000 shares shorted, representing 1.09% of its float. This indicates a bearish sentiment, although the short interest is below the peer average of 8.66%.
The increase in short interest suggests that investors are becoming more bearish on Fresh Vine Wine, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100