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

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

Willamette Valley Vineyards Price Performance

WVVI stock opened at $6.14 on Friday. The stock has a 50-day moving average price of $5.50 and a two-hundred day moving average price of $4.17. The stock has a market cap of $30.48 million, a PE ratio of -10.07 and a beta of 0.79. The company has a current ratio of 2.85, a quick ratio of 0.29 and a debt-to-equity ratio of 0.39. Willamette Valley Vineyards has a 1 year low of $3.17 and a 1 year high of $6.33.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Willamette Valley Vineyards in a research note on Monday, March 10th. They set a “hold” rating on the stock.

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.