Vinco Ventures Inc. (NASDAQ: BBIG) has seen its stock gaining substantially recently. The stock prices are in the ‘green’ after a long ‘red’ streak. The company’s stock consistently landed up in Regulation SHO Threshold Securities List since January 21, 2022. Therefore, in response, the BBIG stock fell gradually but considerably. However, the stock has been gaining lately even during the Russia-Ukraine conflict when majority of stocks lost value.
Fails to Deliver
The fails to deliver data for the first half of February was recently posted by the United States Securities and Exchange Commission (SEC). The BBIG stock failed to deliver over 22 million shares in the first half of February. The number is almost half of the second half of January, when the number of shares failed to deliver were over 44 million. Moreover, the stock has been in the Threshold Securities List for more than 40 days now.
The BBIG stock failed to deliver more than $42.9 million worth of shares. The amount is far less than the earlier reported fail to deliver stock which was worth over $157 million in late January this year. This indicates that the short selling of the BBIG stock has been curtailed significantly. The figures’ calculation is based on the number of shares failed on a particular day and considering the closing price of that day (since the price tends to oscillate between the market hours). The amount is huge considering the information is collected for a limited span of two weeks.
The BBIG stock had gained substantially in yesterday’s trading session. The stock was up by 6.61% and closed at $2.58 (up by 0.16 points) yesterday. The market capitalization of the stock stood at $350 million. The share volume traded for the BBIG stock was 26,651,760, much lesser than the average share volume of 36,462,260.
The stock had earlier tumbled hard from February 24, 2022 to March 1, 2022. The stock price declined by more than 11% between the aforementioned period and lost 0.32 points in the mentioned time period. However, the stock gained considerably thereafter and recovered substantially. BBIG investors and supporters are expecting a bullish run soon.