Short Interest in Venu Holding Corporation (NYSEAMERICAN:VENU) Increases By 28.2%

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

Analysts Set New Price Targets

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

Insider Transactions at Venu

In other Venu news, CEO Jay W. Roth purchased 5,000 shares of Venu stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average price of $5.55 per share, for a total transaction of $27,750.00. Following the completion of the transaction, the chief executive officer owned 9,249,644 shares of the company’s stock, valued at approximately $51,335,524.20. This trade represents a 0.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas M. Finke acquired 4,361 shares of the stock in a transaction on Tuesday, December 30th. The shares were acquired at an average price of $7.80 per share, with a total value of $34,015.80. Following the transaction, the director directly owned 29,961 shares of the company’s stock, valued at $233,695.80. The trade was a 17.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 10,246 shares of company stock valued at $68,979. Company insiders own 34.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Gibraltar Capital Management Inc. purchased a new position in shares of Venu during the third quarter worth approximately $948,000. Altus Wealth Group LLC bought a new position in Venu in the second quarter worth approximately $236,000. Exchange Traded Concepts LLC purchased a new position in Venu during the 3rd quarter worth $190,000. North Capital Inc. raised its position in Venu by 23.7% during the 2nd quarter. North Capital Inc. now owns 15,031 shares of the company’s stock valued at $177,000 after purchasing an additional 2,879 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Venu during the 2nd quarter valued at $33,000.

Venu Trading Up 3.1%

Venu stock traded up $0.16 during midday trading on Monday, reaching $5.35. The stock had a trading volume of 69,040 shares, compared to its average volume of 321,669. Venu has a 52-week low of $5.02 and a 52-week high of $18.17. The company has a fifty day moving average of $7.92 and a 200 day moving average of $11.06. The firm has a market cap of $229.25 million, a price-to-earnings ratio of -4.42 and a beta of 3.34. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.30.

Venu (NYSEAMERICAN:VENU) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.06. Venu had a negative return on equity of 26.71% and a negative net margin of 238.68%.The company had revenue of $5.38 million for the quarter, compared to the consensus estimate of $7.43 million.

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.