Short Interest in Vine Hill Capital Investment Corp. (NASDAQ:VCIC) Expands By 355.1%

Key Points

• Short interest in Vine Hill Capital Investment surged 355.1% to 106,232 shares as of March 31, equal to about 0.4% of shares outstanding and a days-to-cover of 0.8 days based on average daily volume.
• VCIC is a blank-check (SPAC) trading near $11 with a market cap of $322.7M and a P/E of 61.11, and the stock carries an average analyst consensus of "Sell" (Weiss Ratings reiterated a Sell).

Vine Hill Capital Investment Corp. (NASDAQ:VCIC - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 106,232 shares, a growth of 355.1% from the March 15th total of 23,345 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 140,079 shares, the days-to-cover ratio is currently 0.8 days.

Vine Hill Capital Investment Stock Performance

Shares of VCIC opened at $11.00 on Friday. The company has a market capitalization of $322.66 million, a price-to-earnings ratio of 61.11 and a beta of 0.09. The company's 50 day simple moving average is $10.76 and its 200 day simple moving average is $10.83. Vine Hill Capital Investment has a 1 year low of $8.32 and a 1 year high of $13.70.

Vine Hill Capital Investment (NASDAQ:VCIC - Get Free Report) last announced its quarterly earnings data on Friday, March 27th. The company reported $0.04 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Vine Hill Capital Investment

Institutional investors and hedge funds have recently modified their holdings of the company. Prelude Capital Management LLC purchased a new position in shares of Vine Hill Capital Investment during the third quarter valued at approximately $210,000. JPMorgan Chase & Co. purchased a new position in shares of Vine Hill Capital Investment during the third quarter valued at approximately $266,000. Clear Street Group Inc. purchased a new position in shares of Vine Hill Capital Investment during the third quarter valued at approximately $312,000. Meteora Capital LLC purchased a new position in Vine Hill Capital Investment during the fourth quarter worth approximately $403,000. Finally, Jefferies Financial Group Inc. purchased a new position in Vine Hill Capital Investment during the fourth quarter worth approximately $538,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Vine Hill Capital Investment in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Vine Hill Capital Investment has an average rating of "Sell".

Vine Hill Capital Investment Company Profile

Vine Hill Capital Investment Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Vine Hill Capital Investment Corp. is based in Fort Lauderdale, Florida.

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