Crimson Wine Group, Ltd. (OTCMKTS:CWGL) Sees Significant Decline in Short Interest

Crimson Wine Group, Ltd. (OTCMKTS:CWGL) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 5,000 shares, a drop of 12.3% from the August 15th total of 5,700 shares. Based on an average trading volume of 13,900 shares, the short-interest ratio is currently 0.4 days.

Crimson Wine Group Trading Down 8.1 %

Shares of OTCMKTS:CWGL traded down $0.55 during trading hours on Tuesday, hitting $6.24. 6,025 shares of the company’s stock traded hands, compared to its average volume of 10,268. Crimson Wine Group has a 1 year low of $5.38 and a 1 year high of $6.79. The business has a fifty day moving average price of $5.99 and a 200-day moving average price of $5.89. The firm has a market capitalization of $129.87 million, a P/E ratio of 41.60 and a beta of 0.54. The company has a debt-to-equity ratio of 0.09, a current ratio of 9.54 and a quick ratio of 3.64.

Crimson Wine Group (OTCMKTS:CWGL) last posted its quarterly 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 firm had revenue of $17.25 million during 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.