Willamette Valley Vineyards, Inc. (NASDAQ:WVVI – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 7,200 shares, an increase of 3,500.0% from the September 30th total of 200 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is currently 1.9 days.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Willamette Valley Vineyards in a report on Friday. They set a “hold” rating on the stock.
Check Out Our Latest Report on Willamette Valley Vineyards
Willamette Valley Vineyards Trading Up 3.2 %
Willamette Valley Vineyards (NASDAQ:WVVI – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter. Willamette Valley Vineyards had a negative return on equity of 3.19% and a negative net margin of 2.26%. The firm had revenue of $10.33 million during the quarter.
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.
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