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

Crimson Wine Group, Ltd. (OTCMKTS:CWGL) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 48,500 shares, a drop of 33.3% from the October 15th total of 72,700 shares. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is currently 4.3 days.

Crimson Wine Group Stock Performance

Shares of Crimson Wine Group stock remained flat at $6.70 on Friday. 32 shares of the stock traded hands, compared to its average volume of 8,783. The firm has a market cap of $138.62 million, a PE ratio of 134.00 and a beta of 0.53. Crimson Wine Group has a 52-week low of $5.60 and a 52-week high of $7.00. The company has a quick ratio of 1.99, a current ratio of 5.65 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average price is $6.53 and its 200-day moving average price is $6.12.

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.