Venu Holding Corporation (NYSEAMERICAN:VENU) Short Interest Update

Venu Holding Corporation (NYSEAMERICAN:VENU) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,309,327 shares, an increase of 28.2% from the January 15th total of 1,020,955 shares. Based on an average daily volume of 494,111 shares, the days-to-cover ratio is currently 2.6 days. Currently, 4.6% of the shares of the stock are sold short. Currently, 4.6% of the shares of the stock are sold short. Based on an average daily volume of 494,111 shares, the days-to-cover ratio is currently 2.6 days.

Insider Transactions at Venu

In other news, CEO Jay W. Roth purchased 5,000 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were acquired at an average price of $5.55 per share, with a total value of $27,750.00. Following the purchase, the chief executive officer directly owned 9,249,644 shares of the company’s stock, valued at $51,335,524.20. The trade was a 0.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas M. Finke purchased 4,361 shares of the stock in a transaction that occurred on Tuesday, December 30th. The stock was purchased at an average price of $7.80 per share, for a total transaction of $34,015.80. Following the acquisition, the director owned 29,961 shares in the company, valued at approximately $233,695.80. This trade represents a 17.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 10,246 shares of company stock valued at $68,979 in the last quarter. Insiders own 34.20% of the company’s stock.

Institutional Investors Weigh In On Venu

A number of institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Venu in the 2nd quarter valued at $33,000. EverSource Wealth Advisors LLC boosted its holdings in Venu by 199.8% in the third quarter. EverSource Wealth Advisors LLC now owns 3,001 shares of the company’s stock valued at $38,000 after acquiring an additional 2,000 shares during the last quarter. Bank of America Corp DE purchased a new stake in Venu during the third quarter valued at about $77,000. Apollon Wealth Management LLC purchased a new stake in Venu during the fourth quarter valued at about $88,000. Finally, Cypress Capital Management LLC WY increased its stake in Venu by 16.3% during the fourth quarter. Cypress Capital Management LLC WY now owns 14,280 shares of the company’s stock worth $120,000 after acquiring an additional 2,000 shares during the last quarter.

Venu Price Performance

VENU stock opened at $5.33 on Wednesday. The stock has a market capitalization of $228.39 million, a price-to-earnings ratio of -4.40 and a beta of 3.32. The stock’s fifty day simple moving average is $7.76 and its 200-day simple moving average is $10.94. Venu has a 52-week low of $5.02 and a 52-week high of $18.17. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Venu to a “hold” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $15.00.

Venu Company Profile

Venu Holding Corporation is a premier hospitality and live music company dedicated to crafting luxury, experience-driven entertainment destinations. Venu Holding Corporation is based in COLORADO SPRINGS, Colo.