Crimson Wine Group Ltd. (OTCMKTS:CWGL) Short Interest Down 36.7% in April

Crimson Wine Group Ltd. (OTCMKTS:CWGL) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 7,607 shares, a drop of 36.7% from the April 15th total of 12,015 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 11,149 shares, the days-to-cover ratio is currently 0.7 days.

Crimson Wine Group Stock Performance

Shares of CWGL opened at $4.04 on Monday. The stock has a market capitalization of $83.17 million, a PE ratio of 80.80 and a beta of 0.41. The business’s fifty day moving average price is $4.40 and its 200 day moving average price is $4.77. 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 12-month low of $3.82 and a 12-month high of $5.96.

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