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 large decline in short interest in the month of September. As of September 15th, there was short interest totaling 7,407 shares, a decline of 72.3% from the August 31st total of 26,744 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 10,054 shares, the days-to-cover ratio is currently 0.7 days.

Willamette Valley Vineyards Trading Up 1.6%

Shares of WVVI opened at $1.88 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.36 and a current ratio of 2.92. Willamette Valley Vineyards has a 52-week low of $1.80 and a 52-week high of $4.00. The firm has a market cap of $9.36 million, a price-to-earnings ratio of -2.04 and a beta of 0.18. The business’s fifty day moving average is $2.29 and its 200-day moving average is $2.55.

Willamette Valley Vineyards (NASDAQ:WVVI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.40) earnings per share (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 company had revenue of $10.04 million for the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Willamette Valley Vineyards

An institutional investor recently bought a new position in Willamette Valley Vineyards stock. EP Wealth Advisors LLC purchased a new position in shares of Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,168 shares of the company’s stock, valued at approximately $41,000. EP Wealth Advisors LLC owned 0.32% of Willamette Valley Vineyards as of its most recent filing with the Securities and Exchange Commission (SEC). 12.24% of the stock is owned by institutional investors and hedge funds.

Willamette Valley Vineyards Company Profile

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.