Crimson Wine Group Ltd. (OTCMKTS:CWGL) Short Interest Update

Key Points

• Crimson Wine Group Ltd. experienced a 47.1% decrease in short interest in July, dropping from 1,700 shares to 900 shares.
• Currently, 0.0% of the company's stock is sold short, resulting in a short-interest ratio of just 0.1 days based on an average trading volume of 8,800 shares.
• The company's stock opened at $5.59, with a market cap of $115.10 million and a P/E ratio of -559,000.00.

Crimson Wine Group Ltd. (OTCMKTS:CWGL - Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 900 shares, adropof47.1% from the July 15th total of 1,700 shares. Approximately0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the shares of the company are sold short.

Crimson Wine Group Stock Performance

OTCMKTS:CWGL traded down $0.02 during mid-day trading on Friday, reaching $5.48. 2,782 shares of the stock were exchanged, compared to its average volume of 7,697. The company has a 50 day simple moving average of $5.59 and a 200-day simple moving average of $5.65. The stock has a market capitalization of $112.83 million, a P/E ratio of -548,000.00 and a beta of 0.48. The company has a quick ratio of 3.40, a current ratio of 9.80 and a debt-to-equity ratio of 0.08. Crimson Wine Group has a 1 year low of $5.39 and a 1 year high of $7.00.

Crimson Wine Group Company Profile

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.