Short Interest in Crimson Wine Group, Ltd. (OTCMKTS:CWGL) Drops By 11.6%

Crimson Wine Group, Ltd. (OTCMKTS:CWGL) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 7,600 shares, a decrease of 11.6% from the June 30th total of 8,600 shares. Based on an average daily volume of 11,600 shares, the short-interest ratio is presently 0.7 days.

Crimson Wine Group Trading Down 0.8 %

Shares of OTCMKTS CWGL traded down $0.05 during mid-day trading on Wednesday, hitting $5.90. 13,953 shares of the company traded hands, compared to its average volume of 8,861. Crimson Wine Group has a 1 year low of $5.38 and a 1 year high of $6.65. The stock has a market capitalization of $122.60 million, a price-to-earnings ratio of 39.34 and a beta of 0.53. The company has a quick ratio of 3.82, a current ratio of 10.27 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $5.86 and a two-hundred day moving average of $5.86.

Crimson Wine Group (OTCMKTS:CWGL) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $15.93 million for the quarter. Crimson Wine Group had a net margin of 4.24% and a return on equity of 1.66%.

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.