Short Interest in Winc, Inc. (NYSEAMERICAN:WBEV) Increases By 32.2%

Winc, Inc. (NYSEAMERICAN:WBEVGet Rating) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 37,800 shares, a growth of 32.2% from the March 31st total of 28,600 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 67,600 shares, the days-to-cover ratio is presently 0.6 days.

Several equities research analysts recently weighed in on WBEV shares. Canaccord Genuity Group reduced their price objective on shares of Winc from $14.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, March 30th. Canaccord Genuity Group reduced their price objective on shares of Winc from $14.00 to $10.00 in a report on Wednesday, March 30th.

NYSEAMERICAN WBEV traded down 0.14 on Monday, reaching 2.80. The company’s stock had a trading volume of 970 shares, compared to its average volume of 74,160. Winc has a twelve month low of 2.58 and a twelve month high of 14.20.

Winc (NYSEAMERICAN:WBEVGet Rating) last posted its quarterly earnings data on Tuesday, March 29th. The company reported -0.73 EPS for the quarter, beating analysts’ consensus estimates of -0.90 by 0.17.

About Winc (Get Rating)

Winc, Inc engages in sourcing, bottling, labeling, and distributing wine under its own winery license in the United States and internationally. It operates through DTC and Wholesale segments. The company offers wines and non-alcoholic wines under the Summer Water, Wonderful Wine Company, Lost Poet, Folly of the Beast, Chop Shop, and Cherries and Rainbows brand names; and ready to drink cocktails, and spirits and beers.

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