Short Interest in Crimson Wine Group, Ltd. (OTCMKTS:CWGL) Declines By 87.4%

Crimson Wine Group, Ltd. (OTCMKTS:CWGL) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,000 shares, a drop of 87.4% from the December 31st total of 15,900 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is presently 0.2 days.

Crimson Wine Group Stock Performance

Shares of CWGL traded down $0.09 on Tuesday, reaching $6.01. 1,211 shares of the company’s stock traded hands, compared to its average volume of 4,977. The stock’s 50 day simple moving average is $6.34 and its two-hundred day simple moving average is $6.30. The company has a current ratio of 5.65, a quick ratio of 1.99 and a debt-to-equity ratio of 0.08. The stock has a market cap of $124.05 million, a PE ratio of 120.20 and a beta of 0.52. Crimson Wine Group has a 52-week low of $5.60 and a 52-week high of $7.00.

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.