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

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

Willamette Valley Vineyards Trading Up 1.6%

Shares of Willamette Valley Vineyards stock opened at $1.88 on Friday. The stock has a market cap of $9.36 million, a P/E ratio of -2.04 and a beta of 0.18. The company has a quick ratio of 0.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.58. Willamette Valley Vineyards has a 12-month low of $1.80 and a 12-month high of $4.00. The business’s 50 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) EPS for the quarter. Willamette Valley Vineyards had a negative net margin of 5.93% and a negative return on equity of 10.31%. The firm had revenue of $10.04 million during the quarter.

Hedge Funds Weigh In On Willamette Valley Vineyards

An institutional investor recently bought a new position in Willamette Valley Vineyards stock. EP Wealth Advisors LLC acquired a new stake in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,168 shares of the company’s stock, valued at approximately $41,000. EP Wealth Advisors LLC owned 0.32% of Willamette Valley Vineyards at the end of the most recent reporting period. Institutional investors and hedge funds own 12.24% of the company’s stock.

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Willamette Valley Vineyards has an average rating of “Sell”.

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.