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

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

Amaze Trading Down 0.4%

AMZE traded down $0.00 during mid-day trading on Thursday, hitting $0.09. The stock has a market cap of $5.41 million, a price-to-earnings ratio of -0.01 and a beta of 1.64. The stock’s 50-day simple moving average is $0.14. Amaze has a fifty-two week low of $0.07 and a fifty-two week high of $11.70.

Amaze’s stock is scheduled to reverse split before the market opens on Monday, July 27th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 26th.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Amaze

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

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.