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Crimson Wine Group Ltd. (OTCMKTS:CWGL) Sees Large Increase in Short Interest

Crimson Wine Group logo with Consumer Staples background

Key Points

  • Crimson Wine Group Ltd. experienced a significant 53.8% increase in short interest in September, rising from 1,300 shares to 2,000 shares.
  • The company's shares traded down 2.1% to $5.20, with a market capitalization of approximately $107 million.
  • Crimson Wine Group operates through two segments: Wholesale and Direct to Consumer, and offers products that include wines, bulk wines, and custom winemaking services.
  • MarketBeat previews the top five stocks to own by November 1st.

Crimson Wine Group Ltd. (OTCMKTS:CWGL - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,000 shares, an increase of 53.8% from the August 31st total of 1,300 shares. Based on an average trading volume of 8,900 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 8,900 shares, the short-interest ratio is presently 0.2 days.

Crimson Wine Group Trading Down 2.1%

Shares of Crimson Wine Group stock traded down $0.11 on Tuesday, hitting $5.20. 642 shares of the company's stock traded hands, compared to its average volume of 7,635. The company has a fifty day moving average of $5.41 and a two-hundred day moving average of $5.53. Crimson Wine Group has a one year low of $5.10 and a one year high of $7.00. The company has a market capitalization of $107.07 million, a price-to-earnings ratio of -520,000.00 and a beta of 0.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 9.80 and a quick ratio of 3.40.

Crimson Wine Group Company Profile

(Get Free Report)

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.

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