Short Interest in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) Grows By 98.9%

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 17,300 shares, an increase of 98.9% from the February 13th total of 8,700 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.5% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Willamette Valley Vineyards Stock Down 0.5 %

WVVI stock opened at $6.14 on Friday. Willamette Valley Vineyards has a 1-year low of $3.17 and a 1-year high of $6.33. The business’s 50 day simple moving average is $5.50 and its 200 day simple moving average is $4.17. The company has a current ratio of 2.85, a quick ratio of 0.29 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $30.48 million, a PE ratio of -10.07 and a beta of 0.79.

About Willamette Valley Vineyards

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.