Short Interest in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) Drops By 32.3%

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,100 shares, a decline of 32.3% from the September 15th total of 3,100 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,500 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Willamette Valley Vineyards in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Willamette Valley Vineyards Trading Down 3.7%

Shares of WVVI stock opened at $3.76 on Friday. Willamette Valley Vineyards has a 52-week low of $3.17 and a 52-week high of $7.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 4.07. The firm has a market capitalization of $18.63 million, a PE ratio of -7.09 and a beta of 0.36. The stock has a fifty day simple moving average of $4.13 and a two-hundred day simple moving average of $5.06.

Willamette Valley Vineyards (NASDAQ:WVVI) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter. Willamette Valley Vineyards had a negative return on equity of 3.94% and a negative net margin of 2.58%.The business had revenue of $10.20 million during the quarter.

Hedge Funds Weigh In On Willamette Valley Vineyards

A hedge fund recently raised its stake in Willamette Valley Vineyards stock. FreeGulliver LLC lifted its stake in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) by 57.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,969 shares of the company’s stock after buying an additional 37,254 shares during the quarter. FreeGulliver LLC owned approximately 2.06% of Willamette Valley Vineyards worth $563,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.24% of the company’s stock.

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.