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

Crimson Wine Group, Ltd. (OTCMKTS:CWGL) saw 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 volume of 28,400 shares, the short-interest ratio is currently 2.6 days.

Crimson Wine Group Price Performance

Shares of OTCMKTS:CWGL opened at $6.78 on Thursday. Crimson Wine Group has a fifty-two week low of $5.45 and a fifty-two week high of $7.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 9.54 and a quick ratio of 3.64. The business has a 50-day moving average of $6.37 and a two-hundred day moving average of $6.06. The stock has a market capitalization of $140.37 million, a P/E ratio of 45.22 and a beta of 0.54.

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