Willamette Valley Vineyards, Inc. (NASDAQ:WVVI – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 26,744 shares, a growth of 2,819.7% from the August 15th total of 916 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 42,228 shares, the short-interest ratio is presently 0.6 days.
Willamette Valley Vineyards Stock Down 2.1%
Shares of NASDAQ:WVVI opened at $2.13 on Friday. The company has a market capitalization of $10.63 million, a price-to-earnings ratio of -2.32 and a beta of 0.18. Willamette Valley Vineyards has a 12-month low of $2.03 and a 12-month high of $5.10. The business has a 50-day moving average price of $2.45 and a 200 day moving average price of $2.60. The company has a current ratio of 2.92, a quick ratio of 0.36 and a debt-to-equity ratio of 0.58.
Willamette Valley Vineyards (NASDAQ:WVVI – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.40) EPS for the quarter. The company had revenue of $10.04 million during the quarter. Willamette Valley Vineyards had a negative net margin of 5.93% and a negative return on equity of 10.31%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on WVVI
Hedge Funds Weigh In On Willamette Valley Vineyards
Several large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Willamette Valley Vineyards by 108,584.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock worth $1,044,000 after purchasing an additional 342,042 shares during the period. EP Wealth Advisors LLC purchased a new stake in Willamette Valley Vineyards in the fourth quarter valued at approximately $48,000. Raymond James Financial Inc. purchased a new stake in Willamette Valley Vineyards in the second quarter valued at approximately $41,000. Finally, Susquehanna International Group LLP purchased a new stake in Willamette Valley Vineyards in the third quarter valued at approximately $39,000. 12.24% of the stock is currently owned by institutional investors and hedge funds.
About Willamette Valley Vineyards
Willamette Valley Vineyards, Inc (NASDAQ: WVVI) is an Oregon-based winery specializing in the cultivation, production and marketing of premium cool-climate wines. The company’s core business activities encompass estate vineyard management, winemaking, and direct-to-consumer sales through tasting rooms and wine clubs. Its portfolio features key varietals such as Pinot Noir, Pinot Gris, Chardonnay and Riesling, reflecting the unique terroir of the Willamette Valley American Viticultural Area (AVA).
Founded in 1983 by Jim Bernau, Willamette Valley Vineyards has grown from a small family operation into one of the leading publicly traded wineries in the United States.
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