Short Interest in Crimson Wine Group, Ltd. (OTCMKTS:CWGL) Declines By 58.5%

Crimson Wine Group, Ltd. (OTCMKTS:CWGL) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 15,900 shares, a drop of 58.5% from the November 30th total of 38,300 shares. Based on an average daily volume of 12,600 shares, the days-to-cover ratio is currently 1.3 days.

Crimson Wine Group Stock Performance

Shares of OTCMKTS CWGL traded down $0.07 during midday trading on Friday, hitting $6.35. The company’s stock had a trading volume of 3,458 shares, compared to its average volume of 9,554. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.99 and a current ratio of 5.65. Crimson Wine Group has a 1-year low of $5.60 and a 1-year high of $7.00. The firm’s fifty day moving average price is $6.59 and its 200-day moving average price is $6.26. The firm has a market cap of $131.16 million, a P/E ratio of 127.00 and a beta of 0.53.

About Crimson Wine Group

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.