Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) Shares Shorted: Short Interest Down 72.3% in September

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 7,407 shares, a decrease of 72.3% from the August 31st total of 26,744 shares. Based on an average daily trading volume, of 10,054 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Willamette Valley Vineyards Stock Performance

NASDAQ:WVVI opened at $1.88 on Friday. The firm has a market cap of $9.36 million, a PE ratio of -2.04 and a beta of 0.18. Willamette Valley Vineyards has a fifty-two week low of $1.80 and a fifty-two week high of $4.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.36 and a current ratio of 2.92. The business has a 50 day moving average price of $2.29 and a 200-day moving average price of $2.55.

Willamette Valley Vineyards (NASDAQ:WVVI) last issued its earnings results on Wednesday, August 12th. The company reported ($0.40) EPS for the quarter. Willamette Valley Vineyards had a negative return on equity of 10.31% and a negative net margin of 5.93%.The firm had revenue of $10.04 million during the quarter.

Hedge Funds Weigh In On Willamette Valley Vineyards

A hedge fund recently raised its stake in Willamette Valley Vineyards stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) by 108,584.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 342,357 shares of the company’s stock after acquiring an additional 342,042 shares during the period. Northwestern Mutual Wealth Management Co. owned about 6.90% of Willamette Valley Vineyards worth $1,044,000 as of its most recent SEC filing. 12.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Willamette Valley Vineyards in a report on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Willamette Valley Vineyards

Willamette Valley Vineyards is an Oregon-based wine producer that makes and sells premium wines, with a focus on Pinot Noir and other varieties suited to the Pacific Northwest. Its portfolio also includes Pinot Gris, Chardonnay, Riesling and other wines produced from grapes grown in Oregon’s Willamette Valley and surrounding regions.

Founded in 1988 by Jim Bernau, the company operates estate vineyards, wineries and tasting-room facilities in Oregon. Its business includes wine production, direct-to-consumer sales, wine clubs, tasting experiences and hospitality services.