From MarketBeat:

Crimson Wine Group, Ltd. suffered a 51% drop in short interest in December, with only 2,500 shares. With a days-to-cover ratio of 0.1, the company’s daily volume is 31,500 shares. The stock reached $6.07 and had a trading volume of 10,055 shares, with a low of $5.38 and high of $6.96 in the past year.

On November 9th, Crimson Wine Group announced earnings of $0.08 per share and revenue of $18.03 million for the quarter. The company’s net margin has been 4.16% and a return on equity of 1.60%.

Crimson Wine Group, Ltd. produces and sells wine under several brand names. It operates through Wholesale and Direct to Consumer segments. The company also offers other products and services such as custom winemaking, bulk wine and grape sales, and merchandise.

Crimson Wine Group saw a significant decrease in short interest in December, with only 2,500 shares compared to 5,100 shares in mid-December. In light of this news, the company’s stock performance is reaching new heights, reaching $6.07 during midday trading on Friday. However, the stock has shown a 1 year low of $5.38 and a 1-year high of $6.96.



Read more: Crimson Wine Group, Ltd. (OTCMKTS:CWGL) Short Interest Down 51.0% in December