Short Interest in Crimson Wine Group Ltd. (OTCMKTS:CWGL) Declines By 53.0%

Crimson Wine Group Ltd. (OTCMKTS:CWGL) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 3,190 shares, a drop of 53.0% from the May 14th total of 6,784 shares. Based on an average daily trading volume, of 22,251 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Crimson Wine Group Price Performance

OTCMKTS:CWGL opened at $4.38 on Monday. The firm’s 50 day simple moving average is $4.31 and its 200 day simple moving average is $4.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 11.54 and a quick ratio of 3.29. Crimson Wine Group has a one year low of $3.82 and a one year high of $5.96. The company has a market cap of $90.18 million, a PE ratio of 87.60 and a beta of 0.42.

Crimson Wine Group (OTCMKTS:CWGL) last posted its earnings results on Tuesday, March 17th. The company reported $0.04 EPS for the quarter. Crimson Wine Group had a net margin of 1.33% and a return on equity of 0.49%. The business had revenue of $20.31 million for the quarter.

Crimson Wine Group Company Profile

Crimson Wine Group, Inc is a U.S.-based premium wine company that acquires, manages and markets a diversified portfolio of estate vineyards and wineries. Founded in 1999 by Bill Paladino as a winery management and marketing platform, the company went public in 2012 and operates under the OTCMKTS ticker CWGL. Its core business centers on producing small-lot, high-quality wines and offering hospitality experiences at its owned and partner-operated properties.

The company’s portfolio spans multiple appellations in California and Oregon, including Napa Valley, Sonoma Coast and the Willamette Valley.