Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) Sees Significant Decrease in Short Interest

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,000 shares, a decrease of 58.3% from the October 15th total of 7,200 shares. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Willamette Valley Vineyards in a report on Sunday, November 10th. They set a “hold” rating for the company.

Willamette Valley Vineyards Stock Down 0.4 %

Shares of NASDAQ WVVI opened at $3.36 on Friday. The company has a quick ratio of 0.39, a current ratio of 2.85 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $3.51 and its two-hundred day moving average price is $3.79. Willamette Valley Vineyards has a one year low of $3.31 and a one year high of $5.75.

Willamette Valley Vineyards (NASDAQ:WVVI) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.07) 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 $10.33 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.