Vinco Ventures, Inc. (NASDAQ:BBIG) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,780,000 shares, a growth of 1,304.9% from the March 15th total of 126,700 shares. Approximately 16.4% of the shares of the company are sold short. Based on an average trading volume of 6,040,000 shares, the short-interest ratio is presently 0.3 days.
A hedge fund recently bought a new stake in Vinco Ventures stock. Novare Capital Management LLC acquired a new position in Vinco Ventures, Inc. (NASDAQ:BBIG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 93,409 shares of the company’s stock, valued at approximately $128,000. Novare Capital Management LLC owned approximately 0.65% of Vinco Ventures at the end of the most recent reporting period. 5.68% of the stock is currently owned by institutional investors.
Shares of NASDAQ:BBIG opened at $2.57 on Tuesday. Vinco Ventures has a 52-week low of $1.11 and a 52-week high of $9.40. The stock has a market capitalization of $48.71 million, a PE ratio of -1.50 and a beta of 0.60. The stock has a 50-day moving average price of $2.92.
Vinco Ventures, Inc operates as a consumer product research and development, manufacturing, sales, and fulfillment company in North America, the Asia Pacific, and Europe. The company offers toys, plush, homewares, and electronics to retailers, distributors, and manufacturers through e-commerce channels.
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