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

Crimson Wine Group Ltd. (OTCMKTS:CWGL) was the target of a significant decline in short interest during the month of 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 22,251 shares, the short-interest ratio is presently 0.1 days.

Crimson Wine Group Stock Up 0.7%

Crimson Wine Group stock traded up $0.03 during trading hours on Friday, hitting $4.38. The stock had a trading volume of 4,063 shares, compared to its average volume of 9,804. The company has a quick ratio of 3.29, a current ratio of 11.54 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $90.18 million, a P/E ratio of 87.60 and a beta of 0.42. Crimson Wine Group has a 12-month low of $3.82 and a 12-month high of $5.96. The stock’s 50-day moving average price is $4.31 and its 200-day moving average price is $4.67.

Crimson Wine Group (OTCMKTS:CWGL) last issued its earnings results on Tuesday, March 17th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $20.31 million during 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.