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

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

Crimson Wine Group Stock Up 0.7%

CWGL stock opened at $4.38 on Friday. The company has a market cap of $90.18 million, a P/E ratio of 87.60 and a beta of 0.42. Crimson Wine Group has a 52 week low of $3.82 and a 52 week high of $5.96. The company’s 50-day moving average price is $4.31 and its 200 day moving average price is $4.67. The company has a current ratio of 11.54, a quick ratio of 3.29 and a debt-to-equity ratio of 0.23.

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

About Crimson Wine Group

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.