Short Interest in Crimson Wine Group, Ltd. (OTCMKTS:CWGL) Declines By 14.9%

Crimson Wine Group, Ltd. (OTCMKTS:CWGL) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 72,700 shares, a decrease of 14.9% from the September 30th total of 85,400 shares. Based on an average daily trading volume, of 28,400 shares, the short-interest ratio is currently 2.6 days.

Crimson Wine Group Price Performance

Shares of CWGL opened at $6.78 on Thursday. The firm’s fifty day simple moving average is $6.37 and its 200-day simple moving average is $6.06. Crimson Wine Group has a twelve month low of $5.45 and a twelve month high of $7.00. The company has a current ratio of 9.54, a quick ratio of 3.64 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $140.37 million, a price-to-earnings ratio of 45.22 and a beta of 0.54.

Crimson Wine Group (OTCMKTS:CWGL) last issued its earnings results on Monday, August 12th. The company reported $0.01 earnings per share for the quarter. Crimson Wine Group had a net margin of 3.69% and a return on equity of 1.43%. The business had revenue of $17.25 million for the quarter.

Crimson Wine Group Company Profile

Crimson Wine Group, Ltd., through its subsidiaries, produces and sells wines in the United States and internationally. It operates in two segments, Wholesale and Direct to Consumer. The company also sells bulk wines and grapes; and other non-wine products, such as merchandise, as well as provides custom winemaking services.