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Crimson Wine Group, Ltd. (OTCMKTS:CWGL) Sees Significant Drop in Short Interest

Crimson Wine Group logo with Consumer Staples background

Crimson Wine Group, Ltd. (OTCMKTS:CWGL - Get Free Report) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 38,300 shares, a drop of 8.2% from the November 15th total of 41,700 shares. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is presently 7.5 days.

Crimson Wine Group Stock Performance

Crimson Wine Group stock traded up $0.09 during trading on Monday, hitting $6.60. The stock had a trading volume of 5,563 shares, compared to its average volume of 9,690. The company has a quick ratio of 1.99, a current ratio of 5.65 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average is $6.63 and its two-hundred day moving average is $6.22. Crimson Wine Group has a 1 year low of $5.60 and a 1 year high of $7.00. The stock has a market cap of $136.39 million, a price-to-earnings ratio of 132.00 and a beta of 0.53.

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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