Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) Sees Large Drop in Short Interest

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 13,000 shares, a drop of 24.9% from the February 28th total of 17,300 shares. Based on an average daily trading volume, of 10,000 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Willamette Valley Vineyards in a report on Wednesday, March 26th. They set a “hold” rating on the stock.

Willamette Valley Vineyards Stock Performance

Shares of WVVI opened at $6.06 on Monday. The stock has a market capitalization of $30.06 million, a P/E ratio of -9.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.29 and a current ratio of 2.85. Willamette Valley Vineyards has a 1 year low of $3.17 and a 1 year high of $6.33. The company’s fifty day moving average is $5.91 and its two-hundred day moving average is $4.33.

Willamette Valley Vineyards (NASDAQ:WVVI) last released its earnings results on Tuesday, March 25th. The company reported ($0.01) earnings per share (EPS) for the quarter. Willamette Valley Vineyards had a negative return on equity of 3.12% and a negative net margin of 2.15%. The business had revenue of $11.28 million for the quarter.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. The company operates through two segments, Direct Sales and Distributor Sales. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, Brut Rose, and Riesling branded wines under the Willamette Valley Vineyards label; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, Tempranillo, Malbec, The Griffin, and Viognier branded wines under the Griffin Creek label; and Brut, Brut Rose, and Blanc de Blancs under the Domaine Willamette label.