Amaze Holdings (NYSEAMERICAN:AMZE) Sees Large Decline in Short Interest

Amaze Holdings (NYSEAMERICAN:AMZE) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,580,231 shares, a decrease of 39.7% from the June 15th total of 4,280,383 shares. Currently, 4.5% of the company’s shares are short sold. Based on an average daily volume of 5,665,575 shares, the days-to-cover ratio is presently 0.5 days.

Amaze Trading Down 0.4%

Shares of NYSEAMERICAN:AMZE traded down $0.00 during trading on Thursday, reaching $0.09. Amaze has a 52-week low of $0.07 and a 52-week high of $11.70. The business has a 50-day moving average of $0.14. The company has a market cap of $5.41 million, a P/E ratio of -0.01 and a beta of 1.64.

Shares of Amaze are scheduled to reverse split on Monday, July 27th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 26th.

Amaze (NYSEAMERICAN:AMZE) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $0.47 million during the quarter. Equities analysts expect that Amaze will post 0.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Aaron Day purchased 470,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $0.14 per share, for a total transaction of $65,800.00. Following the acquisition, the chief executive officer owned 1,045,315 shares in the company, valued at $146,344.10. This trade represents a 81.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Amaze

An institutional investor recently raised its stake in Amaze stock. Geode Capital Management LLC raised its holdings in Amaze Holdings (NYSEAMERICAN:AMZE) by 254.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 142,373 shares of the company’s stock after buying an additional 102,248 shares during the quarter. Geode Capital Management LLC owned 0.71% of Amaze worth $54,000 as of its most recent SEC filing. 23.00% of the stock is owned by institutional investors and hedge funds.

About Amaze

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.