Short Interest in Venu Holding Corporation (NYSEAMERICAN:VENU) Increases By 166.0%

Key Points

• The short interest in Venu Holding Corporation increased by 166.0% from 276,200 to 734,700 shares as of September 30th, indicating growing bearish sentiment among investors.
• Venu's current share price is $13.14, with a market capitalization of $567.52 million and a PE ratio of -11.04.
• Multiple hedge funds have recently adjusted their holdings in Venu, with notable increases including a 95.2% stake lift by Pallas Capital Advisors in the second quarter.

Venu Holding Corporation (NYSEAMERICAN:VENU - ) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 734,700 shares, a growth of 166.0% from the September 15th total of 276,200 shares. Based on an average trading volume of 135,100 shares, the days-to-cover ratio is presently 5.4 days. Currently, 2.7% of the company's shares are sold short. Currently, 2.7% of the company's shares are sold short. Based on an average trading volume of 135,100 shares, the days-to-cover ratio is presently 5.4 days.

Venu Trading Up 0.5%

Shares of VENU traded up $0.07 during trading hours on Friday, hitting $13.14. 76,666 shares of the stock traded hands, compared to its average volume of 181,308. The company has a current ratio of 2.72, a quick ratio of 2.71 and a debt-to-equity ratio of 0.27. Venu has a 1-year low of $7.05 and a 1-year high of $18.17. The firm has a market capitalization of $567.52 million and a PE ratio of -11.04. The business has a fifty day moving average of $13.44 and a 200-day moving average of $11.58.

Hedge Funds Weigh In On Venu

Several large investors have recently made changes to their positions in the company. First Western Trust Bank acquired a new position in shares of Venu during the first quarter valued at $5,338,000. Bard Associates Inc. lifted its stake in shares of Venu by 3.8% during the first quarter. Bard Associates Inc. now owns 211,090 shares of the company's stock valued at $1,953,000 after acquiring an additional 7,700 shares during the period. Pallas Capital Advisors LLC lifted its stake in Venu by 95.2% in the second quarter. Pallas Capital Advisors LLC now owns 40,666 shares of the company's stock valued at $479,000 after buying an additional 19,833 shares during the period. Altus Wealth Group LLC acquired a new position in Venu in the second quarter valued at about $236,000. Finally, Exchange Traded Concepts LLC acquired a new position in Venu in the first quarter valued at about $171,000.

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.

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