Short Interest in Gaucho Group Holdings, Inc. (NASDAQ:VINO) Declines By 16.6%

Gaucho Group Holdings, Inc. (NASDAQ:VINO) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 208,100 shares, a decrease of 16.6% from the March 15th total of 249,600 shares. Based on an average daily volume of 105,600 shares, the short-interest ratio is currently 2.0 days. Approximately 3.4% of the company’s stock are sold short.

Gaucho Group Stock Performance

Shares of VINO stock opened at $0.58 on Friday. The firm has a 50-day moving average of $0.51 and a 200-day moving average of $0.69. The company has a market cap of $1.44 million, a P/E ratio of -0.01 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.83 and a quick ratio of 0.48. Gaucho Group has a one year low of $0.39 and a one year high of $16.00.

Institutional Trading of Gaucho Group

An institutional investor recently raised its position in Gaucho Group stock. Citadel Advisors LLC increased its stake in shares of Gaucho Group Holdings, Inc. (NASDAQ:VINO) by 256.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 315,338 shares of the company’s stock after buying an additional 226,831 shares during the period. Citadel Advisors LLC owned about 11.47% of Gaucho Group worth $71,000 as of its most recent SEC filing. 31.19% of the stock is owned by institutional investors and hedge funds.

Gaucho Group Company Profile

Gaucho Group Holdings, Inc, through its subsidiaries, invests in, develops, and operates real estate projects in Argentina. The company owns and operates boutique hotel, hospitality, and luxury vineyard property market; a resort and winery property, 9-hole golf course, tennis courts, dining, and a hotel.