Amaze Holdings (NYSEAMERICAN:AMZE) Sees Significant Drop in Short Interest

Amaze Holdings (NYSEAMERICAN:AMZE) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 927,367 shares, a decline of 42.5% from the April 15th total of 1,612,850 shares. Based on an average daily volume of 2,309,736 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Amaze

An institutional investor recently bought a new position in Amaze stock. Jane Street Group LLC bought a new position in shares of Amaze Holdings (NYSEAMERICAN:AMZE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 85,455 shares of the company’s stock, valued at approximately $32,000. Jane Street Group LLC owned about 0.43% of Amaze as of its most recent SEC filing. 23.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AMZE shares. LADENBURG THALM/SH SH started coverage on Amaze in a research report on Wednesday, January 21st. They issued a “buy” rating and a $3.00 price objective for the company. Zacks Research upgraded Amaze to a “hold” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $3.00.

Amaze Trading Down 14.0%

Shares of AMZE stock traded down $0.02 on Monday, reaching $0.14. 10,341,124 shares of the stock were exchanged, compared to its average volume of 12,260,702. The company has a market capitalization of $6.51 million, a PE ratio of -0.02 and a beta of 1.62. Amaze has a one year low of $0.11 and a one year high of $11.76. The firm’s 50 day moving average price is $0.19.

Amaze (NYSEAMERICAN:AMZE) last released its earnings results on Friday, May 15th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $0.47 million for the quarter. Amaze had a negative return on equity of 117.03% and a negative net margin of 571.96%. As a group, analysts anticipate that Amaze will post 0.16 earnings per share for the current year.

Amaze Company Profile

Fresh Vine Wine, Inc produces and sells low-carb and low-calorie wines in the United States and Puerto Rico. Its wine varietals include cabernet sauvignon, pinot noir, chardonnay, and rose. The company offers its products through wholesale, retail, and direct-to-consumer channels. Fresh Vine Wine, Inc was founded in 2019 and is based in Plymouth, Minnesota. Fresh Vine Wine, Inc operates as a subsidiary of Nechio & Novak, LLC.