Short Interest in Crimson Wine Group, Ltd. (OTCMKTS:CWGL) Drops By 11.6%

Crimson Wine Group, Ltd. (OTCMKTS:CWGL) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 7,600 shares, a decline of 11.6% from the June 30th total of 8,600 shares. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is presently 0.7 days.

Crimson Wine Group Trading Down 0.8 %

CWGL stock traded down $0.05 during trading on Wednesday, hitting $5.90. The company had a trading volume of 13,953 shares, compared to its average volume of 8,861. The company has a quick ratio of 3.82, a current ratio of 10.27 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $5.86 and a 200-day moving average price of $5.86. Crimson Wine Group has a 12 month low of $5.38 and a 12 month high of $6.65. The stock has a market cap of $122.60 million, a price-to-earnings ratio of 39.34 and a beta of 0.53.

Crimson Wine Group (OTCMKTS:CWGL) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $15.93 million during the quarter. Crimson Wine Group had a return on equity of 1.66% and a net margin of 4.24%.

About Crimson Wine Group

Crimson Wine Group, Ltd., through its subsidiaries, produces and sells wines in the United States and internationally. It operates in two segments, Wholesale and Direct to Consumer. The company also sells bulk wines and grapes; and other non-wine products, such as merchandise, as well as provides custom winemaking services.