Short Interest in Vine Hill Capital Investment Corp. (NASDAQ:VCIC) Drops By 73.2%

Vine Hill Capital Investment Corp. (NASDAQ:VCIC) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 47,475 shares, a decline of 73.2% from the November 30th total of 177,438 shares. Based on an average daily trading volume, of 72,536 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 72,536 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Vine Hill Capital Investment

Several hedge funds have recently made changes to their positions in the stock. Clear Street LLC increased its stake in Vine Hill Capital Investment by 879.2% during the second quarter. Clear Street LLC now owns 8,147 shares of the company’s stock valued at $85,000 after acquiring an additional 7,315 shares during the period. Prelude Capital Management LLC acquired a new stake in shares of Vine Hill Capital Investment during the 3rd quarter worth approximately $210,000. JPMorgan Chase & Co. bought a new stake in shares of Vine Hill Capital Investment during the third quarter valued at approximately $266,000. Radcliffe Capital Management L.P. raised its stake in shares of Vine Hill Capital Investment by 94.2% in the second quarter. Radcliffe Capital Management L.P. now owns 56,123 shares of the company’s stock valued at $584,000 after purchasing an additional 27,227 shares in the last quarter. Finally, Clear Street Group Inc. acquired a new position in shares of Vine Hill Capital Investment in the third quarter valued at $312,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Vine Hill Capital Investment in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Vine Hill Capital Investment Trading Up 0.2%

VCIC opened at $10.77 on Friday. The business has a 50 day moving average of $10.93 and a 200-day moving average of $10.68. The stock has a market capitalization of $316.00 million, a price-to-earnings ratio of 76.96 and a beta of 0.08. Vine Hill Capital Investment has a 1-year low of $10.02 and a 1-year high of $11.99.

Vine Hill Capital Investment (NASDAQ:VCIC) last released its earnings results on Wednesday, November 12th. The company reported $0.02 EPS for the quarter.

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.