Short Interest in Vine Hill Capital Investment Corp. (NASDAQ:VCIC) Grows By 47.8%

Key Points

• Short interest in Vine Hill Capital (NASDAQ:VCIC) rose 47.8% to 23,345 shares as of March 13, equal to 0.1% of shares outstanding and a short-interest ratio of 0.3 days.
• Analysts have a consensus Sell rating after Weiss Ratings restated a "sell (d)"; the stock opened at $11.04 (down 2.1%) and trades in a 52-week range of $8.32–$13.70 with a $323.8M market cap.
• Despite the bearish analyst view, several institutional investors — including Highbridge Capital, Gillson Capital, Alyeska and Harraden Circle — have recently built or increased sizable stakes in the company.

Vine Hill Capital Investment Corp. (NASDAQ:VCIC - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 23,345 shares, a growth of 47.8% from the February 26th total of 15,798 shares. Based on an average daily trading volume, of 77,081 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Vine Hill Capital Investment in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Vine Hill Capital Investment presently has a consensus rating of "Sell".

Vine Hill Capital Investment Stock Down 2.1%

Vine Hill Capital Investment stock opened at $11.04 on Friday. Vine Hill Capital Investment has a 52-week low of $8.32 and a 52-week high of $13.70. The firm has a market capitalization of $323.80 million, a price-to-earnings ratio of 78.86 and a beta of 0.09. The firm has a 50-day moving average price of $10.65 and a two-hundred day moving average price of $10.79.

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

Institutional Trading of Vine Hill Capital Investment

Several large investors have recently added to or reduced their stakes in VCIC. Highbridge Capital Management LLC bought a new stake in Vine Hill Capital Investment during the 4th quarter valued at $14,796,000. Gillson Capital LP grew its stake in shares of Vine Hill Capital Investment by 507.2% in the fourth quarter. Gillson Capital LP now owns 1,586,294 shares of the company's stock worth $17,084,000 after purchasing an additional 1,325,049 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Vine Hill Capital Investment during the third quarter valued at $13,417,000. Harraden Circle Investments LLC increased its holdings in shares of Vine Hill Capital Investment by 101.1% during the fourth quarter. Harraden Circle Investments LLC now owns 2,168,279 shares of the company's stock valued at $23,352,000 after purchasing an additional 1,089,969 shares during the period. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of Vine Hill Capital Investment during the second quarter valued at $7,800,000.

About Vine Hill Capital Investment

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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